Just added this open source framework "FlashLiteAS2Framework" to Google Code:
http://code.google.com/p/flashliteas2framework/
A lightweight framework for working with AS2 Flash Lite (Mainly for FlashDevelop but can be modified to work on Flash)
Supports:
Projects done using FlashLiteAS2Framework can be found at http://www.arabicode.com (Arabic page), http://www.arabicode.com/en.php (English page)