Adobe announced the release of Flash Builder 4 which was previously known as Flex Builder 3. As they say in their posting in Adobe Labs, the shift in name has to do with the differentiation between the open source free Flex Framework and the commercially available developing product suite. Also, dropping in the F brand into the name of this awesome product is definitely going to attract more flash developers who might have been reluctant to pick it up until now.
A video of the new features can be found here.
The 30 free beta is available here.
I am downloading it now, so I haven't tested it yet but I am excited with the improvement of the workflow as it has to do with working with flash graphic assets, which anyone doing pure Actionscript Projects will attest to, it desperately needed simplification.
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