No Flash is not dead.
Adobe released an update to Flash Professional CC to include export HTML5 animations using the canvas tag. Previously in CS6, it was provided as an extension for the CreateJS framework. Now, it is fully integrated into the application. I expected Flash to go this route as it is already a very good platform for creating lightweight animations for the web.
Paul Trani (see below) and Joseph Labreque give a general overview on the update.