PV3D component has been released. John Grden wrote the features of this version, which i quote here:

• Design-time render and editing in Flash IDE
• 3 Material types supported – BitmapFileMaterial, BitmaAssetMaterial and MovieAssetMaterial
• Creates MovieScene3D and Free or Target camera
• Manages resizing / centering of Papervision3D scene [optional]
• Dynamic masking to constrain the viewable render area to the bounds of the component [optional]
• Full API and access to Scene, Camera, Collada objects to code around
• Automatically loads materials via Collada file [when materials list is not given]
• New Custom Panel for modifying rotation, camera zoom, camera focus, camera Z at design-time

• 

Ready to get started?
Download it here

You’ll needs some docs with that sauce:
DOCS

Wanna see it in real world action? I used it for the slide presentations at the class this last weekend at RMI.
Here are the demo files and the project for the Jedi Training Sphere slide show

In case you wanted to see the Jedi Sphere in action, and thus, the slides from the classes:
Developer’s slides
Designer’s slides

And of course, you can find all of that stuff out on Google code:
Papervision3D google home

Enjoy it.

Brgds,

CP