This project looks very intersting. It was started by the people that put together Fuse Kit. Which was an excellent project.
http://labs.adobe.com/wiki/index.php/Talk:Pixel_Bender_Toolkit
A very interesting idea, ripe with possibilities.
http://www.gskinner.com/blog/archives/2008/12/gtween_beta_3_t.html
Another tweening engine.
Here’s a Class that creates a simple slideshow. Create an instance of the class and pass the URL to an XML file describing the slideshow. Treat SimpleSlideshow instances like movieclips. Add it to the display list to view, set the x and y property to position etc. This class uses Tweener to animate the transitions. So you must include the Tweener classes.
I created a Google Code page for the classes and example files I have been using, here: http://code.google.com/p/webdevils/
I just posted a zip containing some Flash example updates for most of the classes.