Despite what folks (Apple and more) think, there are still plenty of instances in which Flash is necessary for a full Web experience. If you want to see, but you have Adobe Flash installed on your Honeycomb or earlier Android device, use Firefox (which doesn't support Flash) and see how often you're annoyed.
The statement from Google on ICS is:
"Flash hasn’t been released for ICS yet so as far as we know, Adobe will support Flash for ICS."
The question then becomes, how long before it's released. The word from Adobe is a little more detailed than from Google. Flash for ICS will be delivered, all things going well, of course, before the end of 2011.
"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. After that time, Adobe will continue to provide critical bug fixes and security updates."
That statement makes it sound like there will be no Android 5.0 version of Adobe Flash Player. While not definitive, considering what you would assume to be the timeframe for a Jelly Bean (Android 5.0) release, we'd agree that the odds are quite small of a Flash Player on that version of Android.