Here is the application running as a Google Wave gadget demonstrating how it can update the state of an animation's development live, even when on the same frame, using different modes, and on different frames.
http://antimatter15.com/ajaxanimator/wave/
The Ajax Animator is a project to create a fully standards-based, online, collaborative, web-based animation suite. Yes, it's a totally uncreative name, and actually quite misleading as it is almost entirely client-side (The server is only used for serving static application files and compiling SWF/GIF).
This is a new version with a redesigned, Google Wave Gadget and Netbook friendly UI, an improved timeline, and a new graphics editor built on RaphaelJS. It can run as a Google Wave gadget to have real time collaborative editing on an animation.
Use it now at:
http://antimatter15.com/ajaxanimator/wave/
Or if you have Google Wave:
https://wave.google.com/a/wavesandbox.com/#minimized:search,restored:wave:wavesandbox.com!w%252B3JUS0MHA%2525A