Flash Player 11.2 adds features for gaming, including mouse lock, relative coordinates, and right and middle -click support.
AIR 3.2 introduces Stage3D graphics technology for iOS and Android, enabling efficient, faster native GPU rendering performance
For more information about the release check this link
So, there’s a new update for Android 4.0 with Flash Player 11.1 and next week it will be followed by a nice AIR 3.1 update.
These introduce full support for Android 4.0 (Ice Cream Sandwich), including the new Galaxy Nexus.
These updates will be available on the Android Market.
For more information please read here.