Is it just me or have there been a lot of blog posts lately in response to Grant Skinner's post about the memory leak in Flash Player? Now I don't mean to say that, this isn't a problem. But posts like this or this are a bit over the top. The problem doesn't mean that applications can't be built with AIR or Flex. Grant Skinner's description describes the problem pretty accurately which to me sounds like they would never affect many applications.
In the first link above, Jim Robson title's his post "Time to switch to Ajax?" which I find a little humorous since Internet Explorer has some serious memory issues of its own which make AJAX apps just a susceptible to memory issues.
I, like everyone else, hope that Adobe makes this problem easier to deal with, but I don't think we should all run for cover just yet.