"Unlike many other ebook readers using the ePub file format, consumers will not be able to access ePub content with Apple's DRM technology on devices made by other manufacturers. And without Flash support, iPad users will not be able to access the full range of web content, including over 70% of games and 75% of video on the web," Adobe said.
Many popular services online rely on Flash including Hulu, Miniclip, Farmville, ESPN, Kongregate, and JibJab. Apple has its reasons for barring Flash, of course: it's resource intensive, and it opens the door for additional security risks. The tradeoff of excluding Flash is debatable, but it seems Apple won't budge any time soon.
In somewhat related news, Fujitsu says it owns the "iPad" name. The company sold an iPad handset in 2002, filed for a trademark in 2003, and said it is consulting lawyers over the matter. The situation resembles the dispute between Apple and Cisco over the iPhone name a few years ago. The companies negotiated a settlement in that case.