Well Ryan has broken the news here Adobe has bought Buzzword. Buzzword was a super sweet doc editor created in Flex by Virtual Ubiquity. I guess most people saw an acquisition coming for them but I never imagined Adobe. This means Adobe are now entering into both Microsoft's and Google's world. Also a post on Virtual Ubiquity's blog.

but wait theres more, not only do you get a news release with details on another Adobe acquisition but you get this free tid bit of information about a new Adobe product called Share a new product. Ill update this post once I manage to get onto it Till then there is a quick blog post on the newly created http://blogs.adobe.com/share/.

I have long wished Macromedia had never stopped Flash paper. PDFs are to big and bulky and the plugin feels clumsy in a browser window. Flash paper swfs always felt right. So this seems like we might see some movement in this area again, which is great news.