Well, although that's insightful, it doesn't really explain what the plan is :-)
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To answer your more specific questions:
- the framework source will be available at release time;
- if you find a bug, don't fix it but report it (in the prerelease site if you are part of the prerelease, else in the public bugtracker).
What good would it do to take the binary player out of the repository if that meant that the code simply wouldn't run? BTW, I take this to mean that in order to fully run the release version of Hero will require a minimum player level of 10.2.x.
Great, Flex is going 'look but don't touch' "open" source (at least for a while).
This is all very annoying, it is really not good moment to start "closing" the freshly opened Flex SDK because of FP and AIR.
Just to make thing crystal clear, can someone explain in few words why Adobe cannot open Flash Player source ?