Richard Galvan, Ted Patrick and Andrew Shorten presented the Adobe keynote on Monday to open Flash on the Beach 07. There wasn't a lot of new information but I have to say they outdid themselves in creativity to bring the same message across.
At the very end there is a little sneak on how inverse kinematics is going to work in the authoring environment, its pretty nice and they didn't show that before but I kind of expected it to work like that.
Flash "Diesel" does look incredibly promising between the new stage core, no more keyframes with the object tweening model, 3D 'postcards in space' by adding a Z axis, inverse kinematics both at author as at runtime and they promise a lot more to come.
Hope they'll have a prerelease program starting for it soon!