Adobe today announced the latest version of its near ubiquitous Web video software, Adobe Flash Player 9. It's codenamed Moviestar, because it includes H.264 standard video support – the same standard deployed in Blu-Ray and HD-DVD high definition video players. In other words, the quality of video has been substantially improved from the previous version of Flash Player 9. Also added to the mix is High Efficiency AAC (HE-AAC) audio support and "hardware accelerated, multi-core enhanced full screen video playback".
Adobe claims that these advancements will extend their leadership position in web video "by enabling the delivery of HD television quality and premium audio content".
The new Flash Player will be available later today as a beta at Adobe Labs - and the final release is slated to be available in the fall (September - November). The last big update to Flash Player was the launch of Flash 9 in June 2006.
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I believe it will be a new expierience in web videos, however, it will occupy so much bandwidth.
Adobe Flash in High Definition! 
Linear Mode
