The second interesting point I posed directly I to one of the Macromedia guys. Does deployment of these apps in production environments suffer from any single points of failure? The reason I care is that the environment I work in is based on production systems where stuff can't break. the architecture they described is essentially a three tiered web app with data modeling, business/application logic and presentation layers, all done with Macromedia products (Any DB you want to use, ColdfusionMX, Flash; respectively). The answer to my question... it's all load balanceable.
Now, back up to the presentation layer. The current web page interaction architecture is based on a request then a response. Compiled applications on your computer aren't and interact in real time. Macromedia, along with Laszlo Systems is working on a putch where these Flash based web applications will bring more usable, dynamic and immediate experiences to the folks who need/want to get something done on the web. It's a good vision, if building Flash wasn't such a hassle.
[Meeting note: I met Danny Goodman at this session. That was cool.]