Will HTML5 replace Flash?

I was skeptical at first, until a few experiments with HTML5 pops up across the web that caught my attention.

These experiments looks like they were built with Flash, but they’re not. What’s more, the performance was incredibly better than Flash.

Here’s two awesome examples (note: you need to view them on a modern browser eg. Safari, Firefox, Google Chrome, NOT IE6!):

Sketchpad

View it here ->

A stunning “Photoshop” like application built in HTML5. You don’t have to register, just start painting. Years ago, this was only possible with Flash, but not anymore.

HTML Canvas Experiment

View it here ->

This looks like it was done in Flash AS3 + Papervision or other 3D framework. But no, it was coded in HTML5 combined with a javascript based particle engine.