The keynote presentation just finished, mainly hosted by Kevin Lynch (Adobe Chief Architect). 

He announces the newly launched Adobe Developer Connection a sof today/this past weekend.  It's a new place for Adobe developers to go to sync up and gets ideas, do some social networking (sub-site built on Flex), and download SDKs, APIs, etc.

He goes into a discussion on Adobe Technology Platform.

Random notes:

- 70% of all video on the web is Flash

- 90% of the world upgraded to Flash 9 in one year (Kevin states this is unprecedented)

- The new Flash Player that was just released, codenamed "moviestar",  includes support for H.264 video.  This video format is becoming an industry standard.  Supporting this format will make it easier to include contents from all new devices that are moving/have moved to this format.

- The new Flash Player supports HD video up to 1080p

- The new Flash Player has 50% faster bitmap scaling

- Kevin shows of Microsoft's Halo 3 site, which is a 3D somewhat interactive site. He states "Great job with Flash by Microsoft" which gets a good laugh

- Flash Lite 3 coming soon (available next month as beta).  By 2010 1 billion phones should be able to run it

Ed Rowe speaks on AIR.  Some cool things he shows off:

- AIR has an embedded SQL database which was recently added

- He shows a neat example of dragging a VCard from the desktop in to an AIR app that immediately sync's up with SalesForce.com

- Beta 2 is now available

Heidi Williams speaks on Flex 3.  She highlights a few things, including the new profiler.  Looks like they have a real time graph of memory usage running now as the profiler runs, very cool.

Disney shows off their travel agent AIR booking application.  The speaker opens up a custom quote in the app, then drags a PNG file from the desktop into the quote, then opens a PDF file and drags just part of the PDF selected text into the quote.  Then he hits generate and in milli-seconds a custom PDF quote is generated.

In another funny moment, the keyboard gets stuck.  Kevin is typing in a site and it gets stuck typing in "o" repeatedly.  The address bar eventually reads "ooooooooooo" which Kevin states is how he feels.

Kevin shows off more AIR programs (Paypal, Google Analytics, and an email client).  He seemlessly drags content from one AIR app to another.

Kevin shows off a Facebook AIR app for instant messaging (waveim).

Kevin shows off a Nickelodean AIR app where he drags content from the Nick site into the desktop AIR app.

Adobe announces they aquired Buzzword, which Kevin calls the "first real word processor on the web."  It is written in Flex and runs on the web and desktop (AIR).

There is a small discussion of the next Flash Player, code-named Astro.  They mention long awaited core TextField updates for multi-language support and extensibility via ActionScript) and native support for 3D perspectives.