Research needs to go into secure programming environments, not secure operating systems. The vast majority of horrible security flaws never come within a mile of the kernel.
So we have different meanings of security flaw. Probably because you are thinking of the security of a website, where I am more interested in securing the average users PC.
If a dent is really going to be made in this problem, it's going to happen in Flash Player (or its more recent analogs, like Google NaCL).
However the question on the table is research. We should be researching security models that don't rely on the user to manage the complexity.