Macromedia announced Flash's independence from the browser and an associated marketplace for Flash applications called Central. This is a very positive setup towards Flash's adoption as a microcontent client development platform and application-centric mate for the browser. The issue of a Flash application development tool for programmers is still left unresolved. I wish for a Flash application compiler. More on my O'Reilly weblog.
UPDATE: Seems my wish could be coming true sooner then I thought. Macromedia's Mike Chambers writes on the tantilizing Royale project that was shown a the FlashForward conference today.