According to an article on CNET New.com Macromedia has been inviting beta testers of Flash MX 2004 to sign up for testing of a product update code named ‘Ellipsis’.

A Macromedia representative said the package would be released late this summer as a free update for Flash MX 2004 and would consist largely of performance and stability enhancements, part of Macromedia’s push to extend Flash as an environment for creating Web applications.