Fairly impressive set of announcements from Adobe's MAX conference this year.
Most notably (for me):
- Aformentioned Flash player support for H.264/MPEG-4 should be released in the next few weeks (though media streaming is still tied to their Media Server, which kinda sucks),
- 2D Shading language for Flash code-named Hydra; you can check out a HW accelerated only version here,
- C/C++ compiler for Actionscript; not sure if this will be productized, but the demo of Quake I software rendering compiled to the AS3 VM is pretty cool (end of the second video, here),
- Substantially expanded text control: flow, wrap-around, tables, etc.,
- 2.5 rendering, e.g. a perspective display system.
With some significant focus of the developer productivity/debugging chain, Adobe could make things very interesting for the current generation of incumbents (Sun, Microsoft, etc.).
Certainly it turns up the heat intensely for the Silverlight team... and even moreso for the future of Java on the desktop for RIA.