> Does anyone know where I can read the CS3 license?  I am 
> particularly interested if the suite can be used for 
> commercial purposes if the user is a qualified educational 
> user. 

End User License page:
http://www.adobe.com/products/eulas/index.html

Direct link to the 3.8 MB (!) PDF you want:
http://www.adobe.com/products/eulas/pdfs/Gen_WWCombined-CS3-20060817_1651.pd
f

> I am also wondering whether one can buy the suite, and have 1 
> user use Photoshop and another user use Flash.  Is this a 
> legal use of the CS3 suite or do I need to buy separate 
> products if I want to use things that way?

I haven't read the license, but generally suite licenses prevent this.

Dave Watts, CTO, Fig Leaf Software
http://www.figleaf.com/

Fig Leaf Software provides the highest caliber vendor-authorized
instruction at our training centers in Washington DC, Atlanta,
Chicago, Baltimore, Northern Virginia, or on-site at your location.
Visit http://training.figleaf.com/ for more information!

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