Adobe updates the Flash Player to version 188.8.131.52 which includes performance improvements and several bug fixes related to security and stability.
Known issues like seeking while video is paused will not update the frame on ICS devices is now fixed, StageVideo using On2 and Sorenson does not work on ICS devices and other minor improvements. The new update also brings support for more Android 4.0 Ice Cream Sandwich OS running handsets.
This could be the last update of Adobe Flash Player as the company announced late last year that it will focus more on developing for HTML5. Full details of the change log about bug and security fixes can be found here.
Update via Android market (web link)