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Can you be sure that when IE8 finally dies that we won't be adding "canvas blockers" to our browsers to get rid of resource hungry banner ads? In the not too distant future Flash (maybe even someone else) will be letting you choose to export as Flash or Canvas with all of the cpu intensive problems of multi-layer, multi-effect animation.
Over all of these forums about Flash, the biggest problem that most people seem to have with it is that it allows so many people to do exactly what they want so easily, and it won't be too long before you'll be able to do the same with canvas.