HTML5 will change many aspects of life on the Web.
It will not displace Flash or Shockwave: One glance at the games on Miniclip.com, such as Jet Ski Racer, shows how much ground the HTML5 committee must cover. But HTML5 will still remake the Web and enable basic Websites to do much more -- from tracking location to storing more of our data.
Source:
http://infoworld.com/d/developer-world/how-html5-will-change-the-web-080
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