I am sure you guys have heard about what we just announced at the Max keynote this morning.

Immersive 3D in Flash Player

I am happy to share this with you guys :)

Another video from MaxRacer (by Alternativa) demoed at Max Keynote Day 1 built on top of Alternativa 8, leveraging the upcoming 3D Molehill APIs :

Tom demoes the Peer 2 Peer feature he developed for MaxRacer :

MAX Racer - 3D Flash Game with P2P Multiplayer from Tom Krcha on Vimeo.

Another one, with those beautiful islands, still with Molehill :

Another one from Frima Studio, who ported their engine used on the PSP for Zombie Tycoon to 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 ;)