AIR(Adobe Integrated Runtime) and Flex 311 Jun 2007
Apollo, which was the code name for Adobe desktop runtime, would be known as Adobe Integrated Runtime (AIR). Adobe Flex 3 framework would be cached by Adobe Flash Player for better performance (download wise). Latest beta build of Adobe Flash Player 9 has loads of enhancements.
In short, all these bits are available on labs. Download 'em and give your feedback to Adobe.