Here's the press release from Adobe:

Adobe Systems Incorporated announced the extension of the Adobe® Flash® Platform to connected digital home devices with an optimized implementation of Flash technology that delivers high definition (HD) video and rich applications to Internet-connected televisions, set-top boxes, Blu-ray players and other devices in the digital living room. Major System on Chips (SoC) vendors, OEMs, cable operators and content providers including Atlantic Records, Broadcom, Comcast, Disney Interactive Media Group, Intel, Netflix, STMicroelectronics, The New York Times Company, NXP Semiconductors, Sigma Designs, and others announced support for the optimized Flash technology today. The Adobe Flash Platform for the Digital Home is available immediately to OEMs and the first devices and SoC platforms with support for the optimized Flash technology are expected to ship in the second half of 2009.

The Adobe Flash Platform for the Digital Home now enables the delivery of HD Web videos to digital home devices via the Flash Video (FLV) file format. Consumers will be able to enjoy rich, interactive viewing experiences and amazing new ways to engage with HD content on televisions. Flash technology-based applications will allow users to quickly switch between television programming and Web content outside the Web browser. With the optimized implementation of Flash technology, content providers are able to extend their reach to millions of connected digital home devices, and cable operators and device manufacturers are able to develop new services and powerful user interfaces that deliver immersive experiences.