A cool article about the Papervision component, which allows Flash CS3 to work with 3D objects, was released by Computer Arts magazine. It works like a real-time 3D engine component. And they mention Blender at the article, as one of the tools that can produce 3D content to use in Flash.
If you are interested in knowing how the Papervision component works. Besides the article, there is a tutorial available to download (PDF), teaching how to import and manipulate 3D content into Flash CS3. Visit this link, to read the article, and download the tutorial.
