Flash player 10 has been released in beta.

I haven't had a lot of time the past couple weeks to play with it, but what I have seen is fantastic!  A complete listing of updated features can be found at  http://labs.adobe.com/technologies/flashplayer10/  Check it out!

Adobe + you + me = redefining the internet

A quick overview of some of the new features include:

3D Effects

Custom Filters and Effects

Advanced Text Layout

Enhanced Drawing API