Well, it's been speculated for some time, but Adobe just announced it's partnership with Photobucket, to integrate Flex-based video editing capabilities into the popular photo and video hosting site. As noted in the release, this should be the first of many such partnerships over the coming months, and I'm really looking forward to digging into the Adobe RIA-powered editing experience, myself.
TechCrunch wrote up their assessment a couple weeks ago and JD has pointers to more current discussions/screenshots, but you can read the official press release as of this morning, fresh off the wires. Enjoy!

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