If you have an Android Honeycomb tablet and you go to Android Market you’ll be able to download the final release of Flash Player 10.2. This version enables hardware accelerated playback for 720p video. However you will not enjoy this feature with the current Android 3.0.1; the next Android update will turn on this feature.
Finally, I want to point this out: the teams behind the Flash Player and AIR runtimes are working harder and faster than ever. The number of platforms and devices supported by these runtimes has grown a lot in the last couple of years and still, they are able to keep up the pace and add new features. Big round of applause to you!