Wait.. it doesn't have pinch "copy and paste?" Ouch. Yeah, it may eventually become useful once OS X allows "window dragging" to the device i.e. Avatar so engineers can pinch and snap the hell out of blueprints or schematics documents on the large screen.
Apple's betting on HTML5 to take off bigtime - hence outdating Flash (which is obviously being pushed forward by Adobe). If that doesn't happen in the next one year, the iPad will have to be rethought and will have to bring in Flash support.