Thermo is the code name for an Adobe product in development that makes it easy for designers to create rich engaging Internet applications. The workflow is smiple: you create a design comp with Photoshop, Illustrator, Fireworks, etc, and then import the saved file into thermo. You can then transform that stagnant artwork into a working interactive web site or desktop application, without having to write a line of code.
In the link below, Adobe Product Manager Steven Heintz and Senior Principal Scientist Mark Anders provide a video sneak peek.
http://www.adobe.com/newsletters/edge/december2007/video/index.html