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For those who don't know what Molehill is:
""Molehill" is the code name for a new set of low-level, GPU-accelerated 3D APIs that will enable advanced 3D experiences across screens through the Adobe® Flash® Platform runtimes."
http://labs.adobe.com/technologies/flashplatformruntimes/incubator/features/molehill.html
You can find great example/demo collection at: http://blog.theflashblog.com/?p=2607