Adobe has launched a desktop media player capable of watching online video streams and downloaded videos from Adobe partners. Adobe Media Player has been available as a public beta since last year, but the version that officially launches this week is much more stable and has a much improved library of content.

You'll need to install Adobe AIR before installing Adobe Media Player. AIR is a platform for applications that bridge the gap between the web and the desktop. And Adobe Media Player fits the bill, letting you view web-based videos from sources including MTV, CBS, PBS, Universal Music Group, Revision3, and Blip.TV

Adobe has also launched Adobe TV, a video channel featuring Adobe-related tutorials and content. You can watch Adobe TV videos on the web, or using the Adobe Media Player.