Adobe Systems announced an update to its Adobe Creative Suite 5 software, which for the first time will be available by way of monthly subscriptions.

Creative Suite 5.5, as the new refresh is called, features new tools
that will enable users to more easily create content for smartphones and
tablets and do more using HTML5.

The rollout of Creative Suite 5.5, which will take place in about a
month, will be Adobe's first shot at a new software release schedule,
with more incremental updates between fully new versions of its main
product package.

Apple has finally announced the next generation of its professional
video editing software, Final Cut Pro X, which can take advantage of
powerful new hardware and hefty amounts of memory thanks to 64-bit
support.