Funny that you mention Homestar Runner -- I've recently introduced my daughter to that site, and she loves it. And while I'm watching her play with it, I marvel at how that kind of rich interactive experience (the sbemails with clickable text Easter Eggs, for instance) was available back then, and it seems like we've pretty much backslid from the functionality of a site like that with HTML5 -- if it's available in HTML5 and Javascript, it's still nowhere near as easy for nonprogrammers to author that kind of content without Flash.
I'm interested in seeing some sort of solid documentation on the claims that flash has wildly better performance than JS. It kind of matches my experience with computers in the 90s and I'd really like to find out how much better it is, and why.
Flash has a retained mode graphics API and a fantastic scan-line rasterizer. Each pixel is drawn once which is not the case for HTML Canvas where there is usually a lot of overdraw.
It's all about graphics perf, not AS3 vs JS anymore.