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 telephony
• Garbage collection advice
• Cubic Bézier curves
• Secure random number generator
• Protected HTTP Dynamic Streaming (HDS) and Flash Access enhancements
• TLS secure sockets support (new for Flash Player)
• Socket progress events
• Native text input UI (mobile)
• JPEG-XR support
• Enhanced high-resolution bitmap support
• High-efficiency SWF compression support
• DisplayObjectContainer.removeChildren and MovieClip.isPlaying
• Sound.loadCompressedDataFromByteArray and Sound.loadPCMFromByteArray
• Asynchronous bitmap decoding

Test if you have Flash Player 11 installed here: http://blogs.adobe.com/sunil/2011/10/04/test/.

Get Adobe Flash Player 11 from here: http://get.adobe.com/flashplayer/

If you look for the debugger version of Flash Player 11 go to this link: http://www.adobe.com/support/flashplayer/downloads.html

AIR 3 features

• Stage3D (desktop only)
• Native extensions (all platforms)
• Android Market licensing integration (Android only, obviously)
• Captive runtime bundles (Android and desktop)
• Background audio playback (new feature in iOS; already works on Android)
• CameraRoll support for iPad
• Hardware-accelerated video (mobile)
• Native text fields (mobile)
• Front-facing camera support (iOS and Android)
• Mobile-encrypted local storage (brings feature parity between desktop and mobile)
• Device speaker control (mobile)
• Native JSON support (mobile and desktop)
• Socket improvements (mobile and desktop)
• H.264 video encoding (desktop only)
• JPEG XR support (mobile and desktop)
• Higher resolution bitmaps (mobile and desktop)
• Multichannel audio digital output (AIR for TV only)
• Advanced controller support (AIR for TV only)
• More easily removing all children from a container (all platforms)
• More easily determine if a MovieClip is playing (all platforms)
• Secure random number generation (mobile and desktop)
• Support for cubic bezier curves (all platforms)

Get Adobe AIR 3 from here: http://get.adobe.com/air/

The features were only listed. Read more bellow to find put more about each feature…
http://blogs.adobe.com/flashplayer/2011/10/adobe-flash-player-11-air-11-available-later-today.html
http://www.adobe.com/devnet/flashplayer/articles/whats-new-flash-player11.html
http://www.adobe.com/devnet/air/articles/air3_whatsnew.html