Web based apps vs Desktop apps (Take Two)

Wow!!
I was talking about this earlier on which of the two is better.
And i said i think there is a middle ground i believe is the way to go.
And you've got it.

http://labs.adobe.com/wiki/index.php/Apollo

This new run time (??) would do exactly that.

The developers need to develop flash based or html based (and more) applications and they can be run on this Apollo run time. (like java run time).
The good about this platform is the interface is not constrained by the web browser, you have access to desktop resources, its cross platform.

It sounds like it is the future of apps.
Can't wait to see the beta and the products.