The latest Android 4.0 Ice Cream Sandwich (ICS) does not run Adobe Flash, for now. Adobe Flash has yet to support the Samsung Galaxy Nexus which runs on the latest Android operating system.
Its not an Android issue or a hardware issue, it is because Adobe has changed its mobile device strategy, calls for HTML5 to replace Flash. In statement, Adobe said it will release a final version of Adobe Flash to support Android 4.0 ICS:
Adobe will release one more version of the Flash Player for mobile browsing, which will provide support for Android 4.0, and one more release of the Flash Linux Porting Kit – both expected to be released before the end of this year.
Adobe’s statements however, also mean that future updates to the Google Android OS – Android 5.0, for example – won’t be getting Flash support:
“After that time, Adobe will continue to provide critical bug fixes and security updates,” the company added.
Google Android 5.0, expected to be called Jelly Bean, set to be released mid-next year.[Source]– Pocket-lint