Now that MAX 2011 Conference is started, Adobe just launched the Flash Player 11 and AIR 3. Take a look at the features introduced by each of them.
Flash Player 11 features

Native 64-bit support (Flash Player desktop)
Stage 3D accelerated graphics rendering
Adobe Flash Access content protection support for mobile
Native JSON (JavaScript Object Notation) support
G.711 audio compression for [...]

In about 20 minutes the keynote of Adobe Max 2011 Conference will start. Access it live at http://max.adobe.com/online/keynote/.
What is Adobe MAX?
Adobe MAX is the place where technology and artistry converge. If you are a designer, developer, or a business decision-maker, join us for the year’s most exciting exchange of ideas and inspiration.
Enjoy the Adobe MAX [...]

Adobe believes in hiring the very best. We are known for our vibrant, dynamic and rewarding workplace where personal and professional fulfillment and company success go hand in hand. We take pride in creating exceptional work experiences, encouraging innovation and being involved with our employees, customers and communities. We invite you to discover what makes [...]

Adobe just released the version 1.6 of both OSMF and Strobe Media Playback. The main things added to them are:

Stage Video support for hardware-accelerated video presentation (OSMF)
Smartphone and tablet optimized chrome for Flash-enabled devices (Strobe Media Playback)
HTML5 video player for non-Flash devices (Strobe Media Playback)
JavaScript device detection library for selecting the appropriate player and chrome [...]

Yesterday, 11th of April, Adobe announced Creative Suite 5.5.

Besides all new features and improvements introduced in the new CS5.5, part of them presented in the previous video and some listed bellow, another new thing introduced with Creative Suite 5.5 is the “Pay as you go” subscription. Besides buying the whole product now the products [...]

A while ago Adobe has release AIR 2.6 for Android, iOS and desktop. These are the new things in AIR 2.6:

Asynchronous Bitmap Decoding. This features allows bitmaps to optionally be decoded in another thread as opposed to on-demand in the main thread.
Owned Windows. The use case for owned windows is primarily things like tool palettes. [...]

Adobe Flash Player 10.3 Beta is launched and can be downloaded from Adobe Labs: http://labs.adobe.com/downloads/flashplayer10-3.html. Flash Player 10.3 is available for all major operating systems (Windows, Mac and Linux) and debug version is also available.
New features 10 Flash Player 10.3:

Media Measurement – Measuring video just got easier. With Flash Player 10.3 and Adobe SiteCatalyst®, developers [...]

The Adobe® AIR® and Adobe Flash® Player Incubator is a technology preview program for more adventurous developers who are willing to experiment with Flash Platform runtime features that are in early development stages. Test the bleeding-edge capabilities of runtimes and contribute to the future of the Flash Platform. Please note that the capabilities in the [...]

Adobe believes in hiring the very best. We are known for our vibrant, dynamic and rewarding workplace where personal and professional fulfillment and company success go hand in hand. We take pride in creating exceptional work experiences, encouraging innovation and being involved with our employees, customers and communities. We invite you to discover what makes [...]

On 8 February 2011 Adobe launched the new Flash Player 10.2. The best new thing in this new version of the Flash Player is Stage Video, a full hardware accelerated video pipeline for best-in-class, beautiful video across platforms and browsers.
Additional features are:

multiple display full screen support in Flash Player 10.2
custom native mouse cursors
sub-pixel text rendering [...]