Your card is very recent and nouveau had many improvements in Linux 3.8. You have to install the linux-libre repository to take full advantage and yes, I think performance will be good in 3.8.

http://jxself.org/linux-libre/

The new lightspark supports Flash 12.1: https://launchpad.net/~sparkers/+archive/daily (only works in Trisquel 6)

And either way, there are browsers like Midori which are backed by GStreamer will any file format supported by gstreamer in HTML5.

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