I am sure you guys have heard about what we just announced at the Max keynote this morning. I am happy to share this with you guys
Another video from MaxRacer demoed at Max Keynote Day 1 built on top of Alternativa 8, leveraging the upcoming 3D Molehill APIs.
And another one, with those beautiful islands, still with Molehill :
For more details about implementation and how it works, check the Adobe labs Molehill page.
Update : For info, Molehill is also available in the browser, this is not limited to AIR or standalone player