07/29/2005, 11:40am, EDT
Friday, July 29th
Flash 8 may compete with Apple/Microsoft
Tim Bajarin, an analyst with Creative Strategies stated "This new version of Flash is quite an improvement, [...] if positioned more as a media engine, then it could cause Real, Apple and Microsoft some concern since it will evolve into a competitive platform for streaming video." Flash 8 also reportedly supports alpha transparency allowing users to combine Flash video with text, vector graphics and other elements. Macromedia shareholders will vote on a proposed acquisition by Adobe Systems on August 24.
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btw, when they say "application development," i think they mean the creation of stand-alone programs like games or media manipulation/creation software, not "just" web-based files.