From Adobe Systems:
Flash plays small, fast multimedia buttons, as well as interactive animations, flying logos, and graphics created in Macromedia Flash. This player is very small, takes only a short time to download, and is a great starting point for experiencing multimedia on the Web. Flash also supports high-fidelity MP3 streaming audio, text entry fields, interactive interfaces, and more. All Flash formats can be viewed with this latest release.
Flash Player 7 opens up new possibilities with breakthrough performance gains, high-quality video, and Web services connectivity. It also supports ActionScript 2.0, the new scripting language introduced with Flash MX 2004.
This version of Flash Player is designed for use with Internet Explorer and AOL Web browsers.