I am sure you guys have heard about what we just announced at the Max keynote this morning.
I am happy to share this with you guys
Tom demoes the Peer 2 Peer feature he developed for MaxRacer :
Another one, with those beautiful islands, still with Molehill :
Another one from Minko (loading a Quake 3 environment using HD textures) :
Another one from Flare3D :
Another one from Away3D and EvoFlash using Molehill :
And again from Away3D :
For more details about implementation and how it works, check the Adobe labs Molehill page.
Update : For info, Molehill is also available in the browser, this is not limited to AIR or standalone player