Adobe has NOT stopped development for Flash. What has been dropped is Flash for mobile devices, with, instead, a focus on AIR applications for mobile devices, and HTML5 delivery for mobile devices.
Captivate and Presenter will not become obsolete. But, there are some great resources on converting Captivate 5.5 projects to HTML5 for better mobile delivery. http://blogs.adobe.com/captivate/2011/09/html5-converter-for-adobe-captivate-5-5-is-here.h tml
Chances are that future releases of these two products will have more options for publishing in a mobile friendly way, but we will only know for sure when it happens.
Read the actual press release, it is about being more involved in HTML5, but continuing to grow Flash for PC browsing. http://blogs.adobe.com/conversations/2011/11/flash-focus.html
This is probably the most succinct quote from the post:
"Our future work with Flash on mobile devices will be focused on enabling Flash developers to package native apps with Adobe AIR for all the major app stores. We will no longer continue to develop Flash Player in the browser to work with new mobile device configurations (chipset, browser, OS version, etc.) following the upcoming release of Flash Player 11.1 for Android and BlackBerry PlayBook. We will of course continue to provide critical bug fixes and security updates for existing device configurations. We will also allow our source code licensees to continue working on and release their own implementations."
Thank you for the helpful reply, I shouldnt have jumped to conclusions.