Netflix was enabled on the Samsung Chromebook last year thanks to EME (the HTML5 DRM stuff that was on the front page a few days ago) but sites like Hulu still might not work. I suspect that this device will work just as well, since the chipset is the same.
Flash works because Google maintains a NaCl version of Flash for Linux and ARM, but it's closed source and requires staying inside Chrome OS. If you install e.g. Ubuntu you won't be able to use Flash on Chromium on the same hardware.
Flash works because Google maintains a NaCl version of Flash for Linux and ARM, but it's closed source and requires staying inside Chrome OS. If you install e.g. Ubuntu you won't be able to use Flash on Chromium on the same hardware.