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Depending on your needs, you may want to try the 'Gala' beta instead: http://blog.kaourantin.net/?p=89

It's Flash 10.0, but with the hooks for hardware decoding in Mac OSX (that Apple only added very recently to the plugin API). It's supposed to perform much, much better on Mac OSX for video playback.

It's been out as a beta for quite a while: http://labs.adobe.com/downloads/flashplayer10.html

Not sure when the release is due though.

Adobe has consistently said Flash 10.1 will be released for all desktop platforms in the first half of 2010 (which ends in a few weeks).