Well it's official, on Tuesday, Feb. 19 at GDC, Director 11 was announced. The announcement featured a demo of a really unbelievably cool game by Lucas Meijer and the Artplant team that features BMX Bike racing across a series of terrains. The new physics look good and the graphics in the game are especially nice.
The news was pretty extensively covered. I've included links to the various articles and blogs below.

Press
AFP, February 19, 2008
Adobe takes aim at video game market
[afp.google.com]
(Also printed at Physorg.com)
CNET February 18, 2008
Adobe goes after game developers with 3D engine in Director 11
[news.com]
(Also printed at Webware.com)
Digital Arts Online, February 19, 2008
Adobe finally upgrades Director to version 11
[digitalartsonline.co.uk]
Macworld, February 19, 2008
Adobe Introduces Director 11
[macworld.com]
Macworld UK, February 19, 2008
Adobe Director 11 ships March '08
[macworld.co.uk]
PCMagazine, February 19, 2008
Adobe’s New Director Takes Game Physics to Web
[pcmag.com]
(Also printed at ExtremeTech.com)
Personal Computer World, February 19, 2008
Adobe Launches Director 11
[pcw.co.uk]
(Also printed at computeractive.co.uk)
RTT News, February 19, 2008 (Press Release)
Adobe Systems Launches Adobe Director 11 Software
http://www.rttnews.com/sp/breakingnews.asp?date=02/19/2008&item=11&vid=0
TechConnect Magazine, February 19, 2008
Adobe announces Director 11 authoring software
[tcmagazine.com]
InfoWorld, February 19, 2008
Adobe upgrades Director
[weblog.infoworld.com]
Campus Technology, February 19, 2008
Director 11 Coming in March
[campustechnology.com]
(Also picked up in T.H.E Journal)
ChannelWeb, February 19, 2008
Adobe Upgrades Multimedia Authoring Tool
[crn.com]
Gaming Today, February 19, 2008
GDC 2008: Adobe 'Director 11' Coming in March
[news.filefront.com]
Computer Business Review UK, February 20, 2008
Adobe Offers Multimedia Authoring Tool
[cbronline.com]
TechNews Daily, February 19, 2008
Adobe Director 11
[technologynewsdaily.com]
Reuters, February 19, 2008
Analysts flag unusual buying in Adobe upside calls
[reuters.com]
(Also picked up in MSNMoney.com, EarthTimes UK, and U.S. Daily)
Blogs
Director Podcast, February 18, 2008
The NEW Director is finally here
[magicgate.com]
Impact, February 19, 2008
Adobe Rolls Out Director 11
[blog.inm.com]
Yourmaclifeshow.com, February 19, 2008
Adobe to Launch Director 11 by March 2008
[yourmaclifeshow.com]
G4 TV blog, February 19, 2008
Adobe Hopes to Corner Gaming
http://www.g4tv.com/thefeed/blog/post/682949/Adobe_Hopes_To_Corner_Gaming.html?utm_source=g4tv&utm_medium=rssfeeds&utm_campaign=TheFeed
MacUser, February 19, 2008
Adobe Launches Director 11
[macuser.com]
arstechnica, February 19, 2008
Adobe releases first update to Director in four years
[arstechnica.com]
Digg, February 19, 2008
Adobe announces Director 11 authoring software
[digg.com]
(Linked to TechConnect Magazine article)
Director @ Night, February 19, 2008
Adobe Launches Director 11
[directoratnight.com]
Developer Dispatch, February 19, 2008
Director 11 to Ship in March
[developerdispatch.com]
GeekGlue, February 18, 2008
Director 11: Coming Soon
[geekglue.blogspot.com]
Infoworld, February 19, 2008
Adobe upgrades Director
[weblog.infoworld.com]
MacMinute, February 19, 2008
Adobe to Launch Director 11 by March 2008
[macminute.com]
Teachable Moment, February 19, 2008
Adobe Introduces Director 11
[teachable.org]
Ubergizmo, February 19, 2008
Adobe Launches Director 11!
[ubergizmo.com]
So what's in it? Well the biggest thing is runtime support for MacPPC, Mac Tiger and Mac Leopard. Also runtimes on Windows platforms including Vista. That means that it will be a huge relief for continuing users. The 3D engine has added 3D save both in authoring and runtime, and the physics has shifted to Ageia. With Ageia physics comes, built in raycasting (which is much, much, much faster) and terrain / height maps. Also new is DirectX 9 support.
Also new is unicode support. Users can now easily port to other languages taking advantage of the integrated support for the extended character set used by many languages. In addition, text rendering is now unhinged from the operating system - allowing users to customize the antialiasing. Filters have also been added, including the usual array of drop shadows and other filters.