Adobe just released Flash Player 10.2 which contains significant performance optimziations. The video processing is now off-loaded into the GPU and reduces CPU utilization while watching online Flash streaming video. The Adobe Flash Player See Whats New summarizes the new capabilities. Of particular interest is their new Stage Video accelerator technology which permits playback of HD video (720p, 1080p) with very little performance impact.
I installed and tested this on my Mac and Windows machines and can see the vast performance improvements that Flash Player 10.2 brings to the web. This has not yet been pushed out into Chrome OS based on what I have seen. I am sure it will be shortly though since the performance improvements are significant.
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