What recession? Adobe recently announced record financial results. The software and technology powerhouse’s fourth-quarter revenue topped $1 billion (reaching $1.008 billion) for the first time in its 28-year history, a healthy 33% gain over the $757.3 million reported for the same period last year. Meanwhile, Adobe revenues for the 2010 year fiscal were similarly record-breaking, coming in at $3.800 billion compared to last year’s $2.946 billion. So what is the company doing with all that cash besides accelerating the plot for PDFs to take over the world? Well, there’s the Adobe Museum of Digital Media (AMDM), “committed exclusively to the exploration and preservation of digital media.” All that exploring and preserving takes place not in an actual museum but a virtual one, designed (sans doors) by architect Filippo Innocenti with Piero Frescobaldi. Click on over to check out the inaugural exhibition, Tony Oursler‘s trippy “Valley” (2010). Explains curator Tom Eccles of Oursler’s site-specific work, “As you explore the space, you’ll find 17 zones that give us the good, the bad, and the ugly of how we have explored technology in our time.” Next up in the AMDM: Mariko Mori and then John Maeda.