Jason Key (Flash Distracted) has written a nice entry in his blog about Flash Player Bug Releases .. good or bad?
I agree its nice to see Macromedia release new bug-fix versions of the player often. But it also seems to me like they were in too much of a hurry (this time around too). Breaking functionality is never a good thing. The .47 version of the Flash 6 player has broken several features from the previous Flash 6 players. I understand some of them, such as the redirect function being take away. I have a harder time believing that they removed the support for query strings in the embed tag on purpose.