This isn’t the latest news, but if you haven’t heard of diffusion curves, watch the video. A diffusion curve is defined as “a bezier spline that stores colors on each side of the space it divides.” Neat.
Adobe was part of the paper, so I’m not sure if they own the technology or not. Here’s hoping they get the rights to it and include it in Flash in the future. Animating individual curves would lead to some great effects.