Well there wasn't real any competition, between adobe and macromedia anyways. Freehand while a decent application has such a minor professional level useage as to not really count.
I think in my 20 years of prepress and production art, I have almost never received a Freehand file, and know of know very few freehand user who use it in print production. I would guess it will remain bundled as part of the Flash studio, until such time it can be integrated into Illustrator or increase it's focus as a Flash development.
Adobe had nothing to really compete with flash or shockwave/ director, except for basic SVG support. But until SVG ships in popular browers, who really cares.
The only competing products would have to be Adobe GoLive vs Dreamweaver and those products don't really target same market, There is some overlap. But Adobe Golive mainly targets the Designer/ Art Director /Office markets or those users that need a cross media development. Dreamweaver is geared more toward the web developer, Cold Fusion / backend developer market.
Fireworks is a question, like Adobe Imageready it's not strong enough to stand on it's own. It?s more just a utility application. In a market filled with low cost image editor, it would hardly stand a chance. My guess is any truly unique or useful features, will eventually be moved to Photoshop /Image ready or simply stay bundled as that applications image editor for Dreamweaver and Flash.
I look like Fontographer was sold off to FontLab who so far say's they are going update it. Which would be nice.
My guess It help both company?s be stronger competitors to Microsoft and their Windows® Presentation Foundation and XAML, and their upcoming suites of content Microsoft Expression tools.
http://www.microsoft.com/products/expression/en/default.aspx
Maybe it can bring together Flash, SVG, and PDF into one presentation system that can be standardized for content production.