judging from the source code for the RichEditableText component, it would seem that editable controls whether the cursor stays as the mouse pointer or turns into a caret. Citing from the source code:
<p>If <code>true</code>, the mouse cursor will change to an i-beam
* when over the bounds of this control.
* If <code>false</code>, the mouse cursor will remain an arrow.</p>
This does NOT seem to be the case in practice, i.e. the code below has a non-editable RET but the cursor still turns into a caret when hovering on top of it. Is this a bug?
<?xml version="1.0" encoding="utf-8"?>
xmlns:mx="library://ns.adobe.com/flex/mx" minWidth="955" minHeight="600">
<s:RichEditableText id="TI2" editable="false"
Might be a doc error. Cursor should be an I-beam if selectable=true
Doesn't look like a documentation error to me - if you look at RichEditableText.as line 888
public function get showSystemCursor():Boolean
line 1302 describes editable in more detail and talks about the caret.
In any case, I tried both selectable and editable = false and cannot get the caret to not show ever.