This looks promising!
"This is one of the prime motivators for me to do Gnash. Not just because having a free plug-in would be cool, but to have the standalone player work on my Zaurus, or other small footprint devices."
links >
http://www.fsf.org/news/gnash.html
http://www.gnu.org/software/gnash/
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This part might be a problem, although it is possible to run software OpenGL, from my experience that is slow.
High Quality Output - Gnash uses OpenGL for rendering the graphics.
Anyways, this looks pretty cool, I can't wait for desktop distros to start adopting this.