Royale With Cheese
Interesting comments:
"IDGNS: Some experts think you'd like to turn Flash into a language to rival Java. Any truth to this?
Burgess: Java is a good language. We love it and embrace it in many ways. We're not trying to do what Java does. With Flash, we've architected a ubiquitous, reliable software product for PCs. Java isn't widely used in the PC world but rather on the back-end. In the mobile world, however, we're seeing almost everyone putting Java and Flash on the client side. This is an interesting development."
[InfoWorld]
According to Sean, this upcoming product (code named "Royale") is pretty much an alternative development tool for Flash that is XML based and allows programmers a non-timeline based way to create flash movies. Pretty cool deal.