That's right, the Samsung Galaxy Nexus does not have Adobe Flash installed. Of course, when an application isn't included we tend to query a quick search in the Android Market. And as you can see below, it was nowhere to be found!
But what could this mean? Just earlier we speculated Adobe's plans for future mobile Flash development, and clearly all evidence suggests HTML5 will eventually be king. There may very well be something included in Android 4.0 that we may have missed, or something big planned on the way. One of the big selling points for Android over iOS and other competitors is its ability to play Flash content, so the fact that Google's latest "developer" phone doesn't have it must be a sign of innovation soon to come.
The theory that Flash could be converted on the fly to HTML5 could change the game completely. Devices running Android 4.0 like the Galaxy Nexus could potentially never need a Flash update again. How this would affect the overall browser speed is a different story.
Update: We got word that Flash hasn't been released for ICS yet so as far as we know, Adobe will support Flash for ICS. We're reaching out to Adobe for release date.
Update 2: Flash confirmed for Ice Cream Sandwich.