ActionScript 3 expands the functionality of the ActionScript 2 language and makes programming significantly easier than in previous versions. By repackaging commonly used classes and objects as easily accessible APIs, ActionScript 3 provides faster, more direct access to the functionality you need for your applications. Regular expressions and E4X support make working with XML much quicker and more natural.
Get involved in this open-source project, hosted by the Mozilla Foundation, that uses code powering the ActionScript Virtual Machine. To see where ActionScript 3 is heading, check out the public wiki for the ECMAScript 4 committee.