Despite the Flex/Flash mess, Adobe is working on some new open source projects:
https://github.com/adobe/brackets

This is a very early version of Brackets, a code editor for HTML, CSS
and JavaScript that's built in HTML, CSS and JavaScript.

What makes Brackets different from other web code editors?

+ Tools shouldn't get in your way. Instead of cluttering up your
coding environment with lots of panels and icons, the Quick Edit UI in
Brackets puts context-specific code and tools inline.
+ Brackets is in sync with your browser. With Live Development,
Brackets works directly with your browser to push code edits
instantly, set breakpoints, and jump back and forth between your real
source code and the browser view.
+ Do it yourself. Because Brackets is open source, and built with
HTML, CSS and JavaScript, you can help build the best code editor for
the web.

Looks like they are trying to make Flex go away even faster...

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