An additional article (linked at the msnbc link above) provides a slightly more "technical" description of the latest Adobe patches.

This article contains numerous links that I won't attempt to replicate here, but you can follow the link to see them if they're of interest.

The author, Krebs, is a frequent contributor to security related news and should be speaking with knowledge that you can trust:

KrebsOnSecurity

Critical Security Updates for Adobe Acrobat, Flash, Reader

Adobe today released a software update to plug a critical security hole in its Flash Player, Adobe Acrobat and PDF Reader products. The patch comes a week after the software maker warned that miscreants were exploiting the Flash vulnerability to launch targeted attacks on users.

(Note that Krebs doesn't mention the Apple patches.)

John