In this show, we see how Pixel Bender Toolkit is used to create shaders that can then be used in Flash filters to change the display of objects on the screen. We then see how to use the new AnimateFilter effect in Flex 4 (which we discussed in a previous episode) to animate the shader properties over time, enabling new and powerful transition effects. Note that the demo application shows a crossfade between two images, but the effect can be applied to any component or graphical object - shaders aren't just for images (I just happened to have the images handy when writing the application).
Here's the video:
Here is the demo application (pretty SF pictures courtesy photographer and Android-hacker Romain Guy):
Finally, here's where you can find the CodeDependent videos on iTunes.