According to a post on Slashdot, a beta update for Flash Player 9 has added support for H.264 standard video. This is a huge upgrade for the Flash video industry, and I believe that Adobe is continuing to make excellent strides to retain their market share in online video, with the threat of competition from products like Microsoft’s Silverlight. The new upgrades to the player, which is codenamed “Movie Star”, give support for true HD video to Flash. Tinic Uro, a Flash engineer for Adobe, discusses it in an entry on his blog entitled What Just Happened?, and the release has also received press on ReadWriteWeb.