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I guess it is being open sourced so it will be free..!!
FlexBuilder is not being open sourced. Only the SDK. They have to make money somewhere.
I would guess it will cost the same as FB2.
We haven't announced the pricing of Flex Builder 3 yet but it won't be free. There will be very attractive upgrade pricing from Flex Builder 2 to Flex Builder 3 though.
Thanks for the clarifications ! You have answered my question.