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"This is one of most interesting outcome since a couple of years. The strength of Adobe publishing tools combined with Macromedia development tools (consider that those companies own technology for two of the most spread tools like Flash and PDF) is a powerful mix. The goal of this is to provide a development platform and this is clearly aimed against Microsoft (in primis) and Java. This is all about controlling enterprise market and mobile market. We now know why Flex (latest, promising Macromedia technology combining Flash with server side development) for .NET systems (Windows+IIS) has been announced but has not been released while you already have Flex for Java containers.
Keep in mind that we now have three major competitors:
Server side (and Enterprise) :
.NET
Java
Flex (Flash)
Client side:
Avalon-enabled systems (Longhorn)
Java
Flash
Mobile:
.NET CE
Java ME
Flash ME
Adobe decided to finally put in place a development platform that has in Flash and PDF its major foundations. This is a very bold outcome. While I use .NET for server development, I have to admit that I love Flash as client technology."