Ok I'm kidding but it does involve "Astro" and no not the dog from the Jetsons! Its the first release of the Flash 10 Player! Yes kiddos the future is here! Since I haven't had time to really dive in and see whats going on. I'll let a few of the other folks around the Flash Community Tell you about it. But first here is the features Adobe wanted to talk about first!

Key New Features
3D Effects - Easily transform and animate any display object through 3D space while retaining full interactivity. Fast, lightweight, and native 3D effects make motion that was previously reserved for expert users available to everyone. Complex effects are simple with APIs that extend what you already know.

Custom Filters and Effects - Create your own portable filters, blend modes, and fills using Adobe® Pixel Bender™, the same technology used for many After Effects CS3 filters. Shaders in Flash Player are about 1KB and can be scripted and animated at runtime.

Advanced Text Layout - A new, highly flexible text layout engine, co-existing with TextField, enables innovation in creating new text controls by providing low-level access to text offering right-to-left and vertical text layout, plus support for typographic elements like ligatures.

Enhanced Drawing API - Runtime drawing is easier and more powerful with re-styleable properties, 3D APIs, and a new way of drawing sophisticated shapes without having to code them line by line.

Visual Performance Improvements – Applications and videos will run smoother and faster with expanded use of hardware acceleration. By moving several visual processing tasks to the video card, the CPU is free to do more.

Looks like the guys pushing adobe to make some noise will be very happy! Oh and check out the links below for more infomation on the newest release of the Adobe Flash 10 Player, code name Astro.

Links
http://labs.adobe.com/technologies/flashplayer10/ - Demos, downloads, videos and more!
http://www.kaourantin.net/ - 3 Posts talking about enhanced sound feature
http://www.bit-101.com/blog/ - Keith Peters talks more on sound
http://blog.digitalbackcountry.com/ - Ryan Stewart talks about the Player launch.
http://opensource.adobe.com/ - Flash Player 10 Beta with Flex SDK 3 [via digitalbackcountry.com]
http://www.zeuslabs.us/ - Gratuitous Text Effects Courtesy of Flash Player 10
http://theflashblog.com/ - Lee talks about the new player and features