pro:

You can integrate the flv player component(s) in your app
It handles web services very nicely ( amf, very small filesize )
It can do anything you can do with Actionscript 3 > It's blazing fast !
including connection to FMS
It's very well documented
Nice frameworks > google for "Cairngorm"
E4X
Databinding
...

cons:
Too much free time

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