Want to watch a great boxing match? Just take a seat and watch the back-and-forth between Adobe Systems and Microsoft. I wrote about this fight-without-an-end last year, but now it seems the punches are being thrown with more intensity.

No surprise: Like two aging gladiators, the two software companies have managed to outlive and beat most of their peers. At face value, the fight is about Flash vs. Silverlight. Look deeper and the tussle is over not just online video but about cloud computing, rich Internet applications and mobile phones. Read more over at GigaOM.