And - like a previous poster said, the bashing was quite valid in 2000.
I think anyone who's followed the evolution of the Flash platform and Actionscript itself knows that Flash is much, much more than an animation tool. There are some incredible internet applications out there built on Flash (and Flex).
Is is NOT a "fancy tool to make a shortcut in making visually appealing sites without having to do any coding". That statement is not even remotely true. Actionscript 3 is completely object-oriented and ECMAScript compliant - just like javascript. And in fact, shares more similarities w/ Java than it does Javascript.
Another uneducated quote: "flash isn't very compatible with web technologies that are expanding these days such as xml and web 2.0.". Huh? Not compatible w/ XML? I can't even start to address that comment. If he means that Flash has long since moved on from XML to Web services, SOAP and RPC to manage external data, then he's right. I'm sure that's what he meant.

I've taken a look at Zuda using Firebug to see what kind of data it's sending/receiving, and I can say that it looks like everything is completely dynamic regarding the viewer. The viewer itself is only about 80 KB, and then it begins loading the first image (which average around 900KB - probably why it appears to be "slow"). Once that image is being shown, it starts to preload the other images of the comic.
It also seems to remember the last page you were on. Go to page 6 of one of the comics, then click on a link on the page somewhere. If you hit the "back" button on your browser, it takes you right back to page 6. The inability to deep link is another misconception about Flash. It's easily doable...as long as you know what you're doing.
Sorry to sound defensive - I DO realize that there are a LOT of bad Flash "applications" out there. But I would suggest that those are not created by actual developers, but by the same people who use it to make flaming logos and whatnot.
In the hands of a capable developer, Flash can do great things for the internet, all in a stable, cross-browser, cross-platform environment.
Now - to hop down off my soapbox...