Aaron Conran – Pixel Bender Explorer: Bending Ext AIR Apps:
"Pixel Bender is an exciting new technology by Adobe which brings video and image processing capabilities to the flash runtime. It allows you to create and apply filters to ‘bend’ pixels and create compelling animations which have never been possible in an HTML environment. Because Adobe AIR uses flash to load any HTML content, we can leverage these powerful filters on a standard Ext Application in the AIR environment."
See also: Mihai Corlan – BlackBookSafe: Anatomy of an AIR 1.5 application.