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SAN JOSE, Calif. — June 25, 2009 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced that leading Australian public broadcaster Special Broadcasting Service (SBS) will stream the 96th annual Tour de France live online using Adobe® Flash® technology, the No. 1 platform for delivering video on the Web*. Cycling fans throughout Australia will be able to watch the most prestigious and well-known bicycling event in the world, via the SBS Web site at www.sbs.com.au/tdf. The race begins on July 4 and continues through July 27, 2009 with 21 stages, covering a total distance of 3,500 kilometers (2,200 miles).

SBS chose the Adobe Flash Platform to stream the race live in high-definition video, and will offer instant messaging capabilities for viewer interaction, text and audio race commentary, and real-time rider tracking complete with elevations, routes, and rider positions.

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Adobe and HTC annouced yesterday that the new "HTC Hero" will be the first Android phone to ship with support for Adobe® Flash® Platform technology. This will definitely help the web browsing experience as a large percentage of the content available on the web is Flash. For video content on the web, we can even say close to 80% is Flash content. It seems obvious why this is a very valuable functionality for the phone.

A lot of applications that where not available to mobile phones in the past are now available and better integrated. For instance: You can play a Youtube video online and double tap your screen to go Fullscreen.

"The HTC Hero delivers powerful, compatible video playback performance using Flash technology, and interactive content enabled by ActionScript® 2.0. Users can enjoy and navigate through Web videos using intuitive video controls. With progressive streaming of large MP3 audio files from a Web server and the local file storage, the HTC Hero provides a seamless audio experience. Support for Sorenson and On2 VP6 codecs enables higher quality video and playback of existing Web content."

A demo of the user experience enabled by the Flash Platform on the HTC Hero and the Android operating system can be viewed at www.adobe.com/go/htchero.

Read the Press Release

I found this basic flash video tutorial on how to enable the dragging and dropping of objects on your stage. Allow users to move around the items on your site.

It is not possible to mask a dynamic text field trough the layers panel.
However, you are able to do this in the code. This requires the mask to be a MovieClip and is initiated like this:

AS3:

targetClip.mask = maskClip

AS2:

targetClip.setMask = maskClip

targetClip being the MovieClip that needs to be masked.
maskClip being the MovieClip that IS the mask.