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Adobe Flash Player Portable is the high performance, lightweight, highly expressive client runtime that delivers powerful and consistent user experiences across major operating systems, browsers, mobile phones and devices.
Installed on over 750 million Internet-connected desktops and mobile devices, Flash Player enables organizations and individuals to build and deliver great digital experiences to their end users.
Immersive experiences with Flash video, content and applications with full-screen mode.
Low-bandwidth, high-quality video with advanced compression technology.
High-fidelity text using the advanced text rendering engine.
Real-time dynamic effects with filters for Blur, DropShadow, Glow, Bevel, Gradient Glow, Gradient Bevel, Displacement Map, Convolution, and Color Matrix.
Innovative media compositions with 8-bit video alpha channels.
Blend modes, radial gradient, and stroke enhancements.
Additional image formats: GIF, Progressive JPEG, and PNG.

This download is the standalone ActiveX installer for Internet Explorer.
Adobe Flash Player lets internet surfers view a variety of web content.

Adobe Flash Player (originally a Macromedia product) remains the standard platform for viewing a wide variety of web content, varying from navigation elements to every video you watch on YouTube.

Some of the main reasons to use Adobe Flash Player are:

-simple to use
-high performance
-small file size
-near-HD quality

Additions and Improvements


Adobe Flash Player 10 includes a wide range of interesting additions and improvements when compared to previous versions. Some of these great new features include the inclusion of support for the H.264 video codec and the HE-AAC audio codec, which together offer a much richer, higher-definition picture and crystal-clear sound. By introducing these capabilities and only slightly impacting performance, Adobe Flash Player is set to encourage another revolution in web video, since HD movies are becoming standard on YouTube. They also look and sound fantastic!

Adobe Flash Player 10 also irons out some of the problems that previous versions have suffered from. These include previous security and stability issues. This update also includes support for ActionScript 3.0 and makes fantastic 3D graphics possible. This means more dynamic and interesting navigation, games and interactivity on websites.

Adobe Flash Player 10 represents a leap forward in terms of quality, stability and security.
Recent changes
Version 11.1.102.55: Security fixes

Version 11 in general: http://blogs.adobe.com/flashplatform/2011/09/announcing-flash-player-11-and-air-3.html
Notes

Only for Internet Explorer and derivative browsers.