Today Adobe released a lot of new technologies on its Labs section: Flex 3 Flash Player 9 update 3 and Adobe AIR (Adobe Intergrated Runtime).

Flex 3 is the one we are waiting for and the new features of this release are a lot and Adobe made an excellent work. As you can read from the Introduction to Flex 3 article by Matt Chotin :
the Flex 3 release is divided into four major themes: designer/developer workflow, working with data, Adobe AIR applications, and platform evolution. Let's quickly review some of the highlights:

* Native support for Adobe AIR – Flex 3 introduces new components and incorporates the Adobe AIR development tools into the SDK and Flex Builder.
* Persistent framework caching – You can make Flex 3 applications as small as 50K when leveraging the new Flash Player cache for Adobe platform components.
* Flex Builder productivity enhancements – Flex Builder 3 introduces refactoring support, new profilers for performance and memory tuning, and code generation tools for data access.
* Integration with Creative Suite 3 – The Flex Component Kit for Flash CS3 allows Flash CS3 users to build components that can be seamlessly integrated into a Flex application, while Flex Builder 3 adds new wizards for importing assets from CS3 applications as skins.
* Advanced DataGrid – The Advanced DataGrid is a new component that adds commonly requested features to the DataGrid such as support for hierarchical data, and basic pivot table functionality.
* First steps toward open source Flex. As a first step toward making Flex an open source project, we've opened up the Flex and Flex Builder bug tracking system to the public, as well as published detailed roadmap information.

Emmy Huang wrote on his blog about the the Flash Player 9 update 3 and its 300 bug fixes :

The Flash Player 9 update 3 beta (9.0.60.120) has a little something for everyone. In addition over 300 bug fixes, and the new player cache for Adobe platform components that Ted mentioned on Thursday, we've added performance enhancements that will improve your video and interactive content. The hot new feature is full-screen mode with hardware scaling, which can be used to deliver significant improvements in visual quality and performance for video. If you're interested in the technical details behind this feature and the rest of the performance enhancements, Tinic will be talking about the under-the-hood details on his blog and has also written an article on Adobe Labs on the new API for accessing this feature. There is also a video you can use to see the difference between software and hardware full-screen mode. Check back, if it hasn't gone live yet...