Adobe has open sourced the VM used in Flash Player 9. As I mentioned previously, its pretty good.
Even further, the Mozilla foundation plans to migrate their JavaScript engine, SpiderMonkey, to this VM in the future. This is a good move for both organizations- and it nicely cements a credible non-MS rich runtime for the Web.
It still all effectively proprietary (i.e. the direction is controlled by a very small few) ... but that's mostly OK.
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