Adobe has announced that the next Flash player update is due out on 10 June 2010. This affects Windows and Mac.
The Adobe Reader/Acrobat update is due out 29 June 2010. This also affects Windows and Mac. Adobe also said that the normal quarterly update due out 13 July 2010 won't happen due to this out-of-band release.
UPDATE 09 June 2010 - Proof of concept code was made available here: http://www.exploit-db.com/exploits/13787/. Please be aware that the PoC provided at that link is live malicious code, so handle with caution.
UPDATE-2 10 June 2010 - Adobe released Flash player 10.1.53.64 fixing not only the one known problem, but 32 separate vulnerabilities.
email: david @ sharpesecurity.com