Now that Macromedia has been absorbed into Adobe, Adobe has seen fit to publish a FAQ about the merger. Among the answered questions are:

How does Adobe's acquisition of Macromedia affect Adobe's support of SVG (Scalable Vector Graphics)?

Both Adobe and Macromedia have been part of the W3C working group that defined the SVG-t specification. While Flash and Flash Lite have gained critical momentum with customers and partners worldwide, particularly in the fast-growing mobile market, we recognize that both SVG and Flash have had success globally. As a result, Adobe will continue to support the display of popular graphics standards, including SVG-t and Flash, to meet the needs of customers and partners worldwide.