Director MX should be just months away. I have a feeling that it will be announced during DevCon 2002. Looking forward to seeing information about how it integrates into Flash MX and the rest of the MX family. I suspect it will be called Director MX and join the MX family. (Or maybe I should rather say, I hope).
Why am I so sure its right around the corner? Because Macromedia is already talking about it, which usualy means its a couple of months away.