Hype was just released by two ex apple developers, it looks just like flash 2 or 3 before it had any real code implementations. I think adobe is going to concentrate on wallaby or edge which is html+js based animation tools. Pretty much we are going back in time with flash with only one difference and that is source code can be seen now.

As for the evangelist who disappeared overnight they switched over to js side. Evangelist did the right thing because half the new canvas experimenters are ex or still flash developers. The evangelist are riding the new wave with actionscript2 skills. I think flash will come back when companies realize how much more it costs to build a site/banner in js developer price.