Flash Player to Move to a Rapid Release Cycle With 11.5
Adobe has just released a beta of Flash Player 11.5 and announced that they will be moving to a rapid release cycle for Flash Player.
flash builder
Flash Player 11.4, AIR 3.4 out; Flash Builder 4.7 Coming Soon
This is the third release (after 11.2, and 11.3) according to the Flash Platform Roadmap released by Adobe a couple of months back, and things seem to be going mostly by the roadmap.