Adobe Labs has released a Developer Edition of the Flash Lite Player Version 3, the next version of the player for the mobile market, with new video and dynamic content capabilities. The first shipping devices with Flash Lite 3 pre-installed will be Nokia S60 models and will be available in Q1 2008.

Here’s the info from Adobe Labs:

The Flash Lite 3 Developer Edition is a standalone player for supported mobile phones to allow developers to test their Flash Lite 3 applications before commercial devices start shipping with the full version of Flash Lite 3 pre-installed. This installer only supports standalone content and cannot be used to view SWF files that are embedded in a mobile web browser or to test any type of personalization content such as wallpapers or screensavers.

Important: This player is meant only for developers and not for consumers. It is not authorized for commercial distribution and cannot be distributed to consumers or bundled with any Flash Lite content.

Visit Adobe Labs Flash Lite 3 Developer Edition, for download and more information.

Author, test, and publish mobile content for the latest release of Flash Lite software, which can support video (FLV) and rendering of SWF files for Flash Player 8 when integrated within a mobile phone or embedded web browser. Authoring support for Flash Lite requires both an update to Device Central CS3 as well as an update to Flash CS3 Professional software.

Download the update for Flash CS3 here
Download the update for Device Central CS3 here