Yes, once they decided to refocus on html 5 it would have been a whole lot better for them to just dump flex and leave all its users without any support whatsoever, especially since the apache fundation is forced to accept to take charge of such projects even if they don't want to.
Mocking is easy, given the alternatives this is a quite a decent outcome.
Right now, Adobe has not even submitted a proposal to the incubator -- just blog posts about how they intend to submit it.
I eagerly await their submission of a Flex proposal. Part of the proposal, and critical for Flex, is proving this isn't just a code dump. If it is a code dump, I will vote -1, and I hope everyone else does too.
Dumping projects to the Apache F. is the new convenient way to abandon projects while saying "look, it's a good thing!"