Flash Lite 2 update for Flash Pro 8 now availlable at Macromedia Labs.
With the Flash Lite 2 Update for Flash Professional 8, developers can now build content for devices that support Flash Lite 2, and draw on the new features available in the latest mobile player including XML support to handle data more efficiently, device video, and ActionScript 2.0.

You can download it here

Press Release

More about Flash Lite 2 you can read at Macromedia, read also Jesse Warden about FlickrMobile: A Flash Lite 2 Application

This is the same like what Geoff Stearns did with FlashObject about drawing using javascript and flash. Is using ExternalInterface API on Flash 8.
ExternalInterface API on Flash 8 is used to make AS is available called by Javascript.
David Flanagan write the sample code about using ExternalInterface API on Flash 8. He demontration how Javascript access Drawing API on flash

I almost this great thing from Alessandro Crugnola aka sephiroth.it
Now you can download the ImageGallery 3 source. This application write on flash 8.

Andre Michelle has publish his flash 8 source (8 mb). The great thing is about 3D engine which is will be interesting for people who love to build 3D flash application such are flash games in 3D. Off course this is just another reference of 3D engine in flash. May be you also has read about 3DFS by Antonin Stefanutti. Another 3D engine also available at Flashworx

via xsive.co.nz

Fabio Sonnati has a very nice and useful article in his blog about how to de-interlace video in real-time using the Convolution Filter in Flash 8.

via Lessrain

http://www.betaruce.com/blog/?p=57

get the source

Flash Development Team act in video:
http://www.macromedia.com/devnet/flash/video/team/