Today the Text Layout Framework went live for Flash Player 10. This will help you layout your text in new and much better ways in your applications. You may have seen some demos at MAX (like the Herald Tribune demo) where the text flow, direction, etc was handled way better – now the functionality is on LABS. Check it out here:
Note that you can download FLA examples from the presentation at the top of the page, to help you understand how to use the component.
To quote the page,
“The Text Layout Framework is an extensible library, built on the new text engine in Adobe® Flash® Player 10, which delivers advanced, easy-to-integrate typographic and text layout features for rich, sophisticated and innovative typography on the web. The framework is designed to be used with Adobe Flash CS4 Professional or Adobe Flex®, and is already included in the next version of Flex, code named Gumbo. Developers can use or extend existing components, or use the framework to create their own text components.”
You can download and install the component in Flash CS4, try it out for yourself.