The Adobe® Flash® Platform runtimes, Adobe Flash Player and Adobe AIR®, together enable businesses to efficiently deliver rich customer experiences across multiple digital touch points. With Flash Player and AIR, content can easily and consistently move between the browser, standalone applications and native operating systems to reach users on the devices of their choice. Since the Adobe runtimes share a common codebase, developers can reuse code to deploy game console quality 2D and 3D games, rich media applications with premium high definition video and scalable date driven applications though both AIR and Flash Player. 😀
Note that this is the last beta before final release.
Adobe AIR 3.2 Beta
Adobe Flash Player 11.2 Beta for Desktops