After their success with Photoshop Express, we now see another web application from Adobe.

This is a media player application which works on the AIR platform.

Macrumors says about it:

In many ways, the Adobe Media Player mimics iTunes Video and Podcast functionality by providing users with an all-enclosed application that provides access to network shows and podcasts. Content is sparse at the moment, but Adobe has partnered with a number of content providers such as CBS, PBS, MTV and more. Unlike iTunes, however, Adobe’s Media Player is not presently a “store” and offers free and ad-supported content. Adobe, however, has said that it plans on adding payment systems later to offer purchase and rental options.

Certainly this looks like it could be a real alternative to iTunes for those looking for a way to play podcasts.