Hello All,
Well, i was reading about the new flash10 CS4, and they are talking about something new mailnly for designers.
There will feature a brand new timeline animation model, There will no longer be a need for keyframes.
WOW! so what is the catch, a total change in the flash IDE framework.
they say that it's much easier to work with and make Flash much easier for beginners.

"In short you will be able to select an object on the stage, right-click and choose "Add Motion/Shape Tween", and the timeline layer with the object will turn red to signify that it now contains a tween. Then you move the object (if you want to animate its motion) to create the end state. Want to extend the length of the tween? Just drag the timeline layer out over additional frames. Basically, this model completely fixes broken tweens -- you can no longer have a tween that is "broken" because it is missing a keyframe because tweens are no longer tied to keyframes".

still don't know about the other improvments, yet i guess they are still with AS3, i don't know if the are focusing on FELX on that matter.

I guess that the fight between Adobe and Microsoft is going to be interesting, because microsoft started a new technology "SILVERLIGHT" with Blend.
Trying to replace flash, i don't think that it'll be that easy, and i don't think that flash will be distroyed, yet the danger is near.
Microsoft is giving us great tools to make a multimedia based website, using C# of vd.net code ... niceeee
we'll wait and see..
:p