Why do we need Wallaby for HTML5?

I'm wondering why adobe is doing all this hardwork of converting FLA to HTML5, when we all know that HTML5 cannot do all the stuff Flash can do. Though I appreciate the emerging standard as the way to go. But Adobe has a better tool to deliver this experience for designers-  It's call Flash Catalyst. Flash Catalyst is a User Interaction tool which is best suited for this. I believe Adobe is working under tremendous pressure to provide a solution to the apple embarrasment  of not supporting Flash. In order not to sound to simple. I believe we can have an export/publish option to HTML5 from Adobe catalyst. This makes more sense to me if you agree - Flash Catalyst to FLEX/SWF/AIR/HTML5.
I think Adobe should leave Flash Pro out of the HTML5 debate now after all Flash is not supporting the most fundamental features that can be a game changer.

There was already a demo from an Adobe conference a few years ago or perhaps one year ago where someone demonstrated how
to export Illustrator and SWF documents from Dreamweaver into "HTML5 Canvas".  Canvas
is some type of tag that allows SVG and SWF filetypes to be rendered within the browser using HTML5 standards.  If you search for HTML5 Canvas and the word SWF or Flash within the same query string you will likely come up with the video demonstrating this feature.  If you look through my profile for HTML5 Canvas or HTML Canvas you will look for a question I posed about this technology as well.
Best,
-markerline

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