Flash Media Server 3.5 is out, and is available on Adobe’s website.
This release adds new features such as the new Dynamic Streaming, DVR functionality, HTTP delivery support, and H.264 enhancements. And Flash Media Interactive Server (FMIS) provides more complex features such as recording capabilities and Origin-Edge setups, as well as full support for server side scripting.
For development purposes you can try the free Flash Media Development Server 3.5 and use all the features of FMIS up to a limit of 10 connections.
Flash Media Live Encoder, Adobe’s free live encoding tool for broadcasting live streams has also seen an update today, bringing it up to version 3.0.