The blogosphere is flooded with info on Flex 3 and AIR 1.0 today and I won't add much to the noise apart from pointing you here and here to find out more. Great job Flex team!
Adobe have just launched the prerelease 2 version of their Adobe Media Player (AMP). This second version brings the Player in line with Beta 3 of AIR, Adobe's cross platform desktop runtime, and it adds a few new features such as H.264 support, hardware acceleration for fullscreen playback as well as new video scaling options during playback.

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