Well I'm surprised to be the one to answer my own problem but I fixed it

It turns out that when I used Apple's convenient "Transfer All Data For An Old Machine" it didn't do a very good job with the Wacom Tablet driver. Quite by accident I went to use my tablet in Photoshop and it didn't work so I used Wacoms Un-install program. Then for the heck of it I thought I would try launching Flash again and it works fine !
My two favorite companies...Macromedia and Wacom...NOT !
Thanks for listening
