Adobe unveils 'Astro'

Just when Actionscript 3 / Flex 3 has begun to get into the mainstream production, Adobe has now released the Adobe Flash 10 - public prerelease. A huge list of exciting and most awaited features could be seen in this release.

Creative Expression
Custom Filters and Effects
3D Effects
New Text Engine
Text Layout Components
Drawing API Enhancements
Color Management

Visual Performance Improvements
GPU Compositing
GPU Blitting
Anti-Aliasing Engine (Saffron 3.1)
Vector Data Type

Rich Media
Dynamic Streaming
RTMFP (Real Time Media Flow Protocol)
Speex Audio Codec

Other Community Requested Enhancements
File Reference
Dynamic Sound Generation
Large Bitmap Support
Context Menu
GB18030 Compliance
Ubuntu OS Support

For further readings.
http://labs.adobe.com/technologies/flashplayer10/demos/
http://labs.adobe.com/technologies/flashplayer10/releasenotes.html
http://www.kaourantin.net/2008/05/what-does-gpu-acceleration-mean.html
http://www.gotoandlearn.com/player.php?id=73