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When I first previewed Adobe Edge I thought it was going to be the new Dreamweaver but It turns out that it is a future replacement for flash. Even though flash and silverlight are widely adopted, HTML5 is compatible with ALL modern browsers. The only issue is slightly older browsers wont display HTML.
One other attractive feature HTML 5 has going for it is that it is more SEO friendly meaning that work done in flash or silverlight might not get indexed by search engines as well as work you perform in a program like Adobe Edge.