One of my mates just sent this through to me, so I thought this is definitely worth a post :-
The FLVPlayer is a non-commercial, conceptual AIR application, intended to simplify the video transfers from YouTube to computers and mobile devices like IPhone, IPod, smartphones.
It provides the functionality to download videos onto PC, MAC or Linux and transfer them to the device later on, so the device’s bandwidth is not used later to stream videos. Other useful functionality, is a video playback. It has been built with Adobe AIR and Papervision3D. The application can be installed on PC/MAC/Linux machines, by using the image link below:

I am a bit late in blogging about this as the news is all over the blogospher by now but its Monday morning and I just found this out.
Adobe have released Flex 3.0 and AIR 1.0 . This was a much awaited news as far as I know. The good thing is that they have setup a Adobe Open Source Flex SDK wiki which looks good as well.
And because the SDK is open source, the code can be downloaded via SVN from here.
http://opensource.adobe.com/svn/opensource/flex/sdk
Thanks to Adobe for all this and I am very excited about working with Flex/AIR and building RIA apps that look and work great at the same time.
As the subject says, January 24th is the date for this event. Although getting to London takes me not more than 30 mins and my schedule for 24th is not very busy as well, so, unless any unforeseen problems, I am going to attend this event.