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Adobe’s Flex product, a tool for creating intensive data-driven Flash Rich Internet Applications, is going to be released as an open source product!

In a bold move that will be remembered for quite some time, Adobe announced tonight that the Flex SDK is going open source. The released source code will include the Flex framework classes, the mxmlc and compc compilers, the ActionScript debugger, and an assortment of other tools. Like Tamarin, the open source project created from Flash Player’s virtual machine, the Flex SDK will be governed by the Mozilla Public License. The process of going open source will happen over time with several major milestones in the coming year.

An amazing move for a company such as Adobe, who cornerstone their business around product design. The effects of the Macromedia merger are paying dividends.