Testing the AIR runtime today I ran into an error when running the AIR application, which as packaged using the debug switch on (-target apk-debug). "Your application is attempting to run ActionScript 2.0 code, which is not supported on smart phone profile". Here's a screenshot of the error message: http://www.flickr.com/photos/semanticmemories/4884408977/
Are we using AS2 code in the LFC - even for the SWF9/10 runtime? Might that be the preloader? That would be my guess.
