I'm excited for this; flash is still wholly unmatched as an artistic expression tool. HTML5 and WebAssembly can, obviously, provide the technical chops; but we've never recovered the experience of a novice Flash user who, with no prior domain experience, could realize an inspired prototype game or entertaining animation in less than an hour. The tool was just that accessible, and the community that good.
The tool is exactly the same and it outputs html\js now.