If you liked the first Slideshow component you will absolutely love the new one. The new component is AS3 only and comes with significant performance improvement and new features. Now you can add library assets and DisplayObject instances, besides external content like JPG, SWF etc. You can also add content using Actionscript methods, not necessarily using XML. Another new feature is the built-in video player, which can play H.264 encoded files.

Read more about the component here.