> If Flash was in capable hands, it would have become a major player in the game development space, which is where most of its strengths were.

I don't understand what you mean here. Flash WAS a major player in the game development space. Flash games were dominant on the web for something like a decade, and a large part of that was post-Adobe acquisition.

Yes, they missed the boat on mobile, but that was more a function of Jobs putting his foot down on anything vaguely Flash-related.