Adobe says "Officially we are shooting for a Q2 2011 release of Flash
Player 11."

http://forums.adobe.com/thread/830850

On Mar 21, 4:40 pm, Jensa <[email protected]> wrote:
> I'm pretty sure that 10.3 is the last 
> sub-update:http://labs.adobe.com/technologies/flashplatformruntimes/flashplayer1...
>
> I also know nothing, but I would guess that some time after this
> summer could be a good time. The first version of FP10 was released 14
> Oct 2008. A little less than 3 years for the next main iteration would
> not seem unfair? We'll see :)
>
> J
>
> On Mar 21, 2:48 pm, richardolsson <[email protected]> wrote:
>
>
>
>
>
>
>
> > Hi,
>
> > I totally understand that people are eager to know this, but there
> > really is no official statement from Adobe that even hints to when
> > this might happen.
>
> > Molehill is currently released in Adobe's "incubator" program, which
> > according to themselves is a way for the community to try out possible
> > new features in the Flash Player. The build that Molehill is included
> > in is called Flash Player 11, but Adobe is not actually guaranteeing
> > that Molehill will be part of the final Flash Player 11, or even ever
> > be released.
>
> > I'm not saying that to scare anyone, because I am fairly certain that
> > Molehill will be released, and that it will be in the next version of
> > Flash Player dubbed version 11. However, this just goes to show
> > exactly how uncertain the release date is. We (the Away3D team) do not
> > know anything about the release date, and if we did we wouldn't be
> > able to say anything. One can only assume that it will be some time
> > this year, but again, we have no idea for certain.
>
> > Cheers
> > /R
>
> > On Mar 21, 12:49 pm, dp <[email protected]> wrote:
>
> > > An estimated date for both Flash Player 11, and Away3D 4.0 release would 
> > > be
> > > really useful to know at this point. any ideas?

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