Stage 3D Molehill demo
For all of you Adobe Flash and Air fans out there, Adobe has released the next major version of the authoring tool out onto the Internet. New features of Flash include, Stage3D APIs, 64-bit support, G.711 audio compression for telephony, H.264/AVC SW Encoding, Socket Progress Events and HD surround sound.
Developers can download the betas here.
Full listing of new features in Flash Player 11 and AIR 3 below: