Flash Media Encoding Server is a server side solution for transcoding video files to formats supported by the Flash PlatformÂ (.flv, .mp4, etc. ).
Altough I did not see this coming I think it was just a matter of time before Adobe would complete their video delivery platform with a server side transcoding solution.
According to the Adobe website FMES will be available in Fall 2008 . Unfortunately at launch it will only be available for Windows servers.
No price info has been released at this time.