Adobe Flash 10.1 is hardware accelerated! Check out the details here. What they say we will see is significant resource reduction while viewing H.264 video and playing flash based games, although Adobe complains that the new version will drain your battery less. This is good news for people using netbooks, as some flash games and or movies can run a bit sluggish. There is also news that smartphone support will be included in Flash 10.1.
H.264 provides excellent video quality but requires a great deal of processing power to decode it. H.264 video is decoded in Flash Player 10.1 by a GPU or media accelerator whenever capable hardware is available, which greatly improves playback performance and battery life. This is particularly useful for resource-constrained mobile devices, such as netbooks and smartphones.
Download the Public Beta here.