Will RPi Run

Program	Will It Run?	Note
My favorite PS3/PC game	NO !	The majority of games are made for Windows. The majority of these games are closed -source (no easy porting). The majority of these games are VERY resource intensive ( a Pi is a PII @ 300 MHz + 256 MB RAM - Note: MEGAhertz, MEGAbytes)
My favorite Web 2.0 / 1.0 App	?	As long there is no Flash content , of course. Might be slow. Check out the mobile/HTML5 versions. facebook: yes , Google : yes , hulu : no , youtube: yes.
Windows	No	Windows runs only on x86 type computers , the Pi is ARM.
Windows 8	NO !	Will only run on Cortex/Tegra ("better" processors). Needs more RAM Only the tablet producers may make contracts with Microsoft. The producers do the porting work.
WinCE/WinMobile/ WinXYZ	NO !	Do you have loads of money to throw away (licenses + man-hours for debugging , porting , debugging again ) ? Do you realise that you won't be able to run plain Win32 .exes (no Crysis !) ? Do you realise that the primary aim is education ? - anything else isn't tested or will be accounted for (embedded applications , medical applications , rocket science)
WINE	No	Sorry. WINE is x86 only. Anything else is a pipe dream , believe me.
Netflix	No	Netflix uses proprietary technology which is not supported for Linux. There is help request against that online.
Android	?	Very propable , but NOT Ice Cream Sandwich ! Remember : 256 MB RAM ?
Minecraft	No	RAM usage is too demanding for the RPi. But you know , Minecraft geeks will come up with something. Perhaps a "lite" server.
Java	Yes	Might be *slow* . No idea about browser plugins.
Flash	No	You can try gnash (GNU Flash) and many other projects. They are NOT a drop-in replacement for Adobes official thing.