I'd say Roblox is absolutely filling that market need. And as mentioned elsewhere, the "animations and games" demographic has moved on in the intervening decades to social media, and tools like CapCut make creating online content easier than it ever has been.

Honestly I think a lot of the Flash mania is just middle aged nerds fondly remembering their youth. The actual tool was a flash in the pan, and part of a much more complicated history of online content production. And the world is doing just fine without it.