With all the blog activity regarding Ellipsis (MM’s next update to Flash MX 2004), there are some major bug bears which have been addressed, and indeed fixed. Personally I can’t wait for the updater. Here is a list of the latest bugs () to be fixed, all to be found in the Flash Authoring Team RSS feed (I suggest you definitely bookmark this one!)

Reloading a component causes all folders in Components Panel to expand (fixed)
Unable to tab into editable combo boxes when tabIndexes are explicitly set (fixed)
Drawing tools : Stroke settings are not remembered (fixed)
Actions panel looks like it has focus when it does not (fixed)