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Why not doing something for the open source community?
There are some really cool projects out there, just think about the stuff you want to do or you have done so far where you have used an open source lib in flex.
Or just write a small game... a simple side-scrolling game like supermario or something. (there are some cool flash game engines like http://flixel.org/ or http://flashpunk.net/ . Both are open source)
I'll check into the open source community. For the most part it seems that there really isn't one when compared to things like Apache. I'd rather stay away from Flash, seeing as how that isn't my expertise at all and I have no interest in making Flash stuff.
I am a bit confused... this is a Adobe Flex forum, your are asking for an RIA-Project but now you say that you are not interested in making Flash stuff?
Anyway, there are also cool HTML-5-Projects going on that have nothing to do with flash/flex :-D
For example I am currently validating craftyjs ( http://craftyjs.com/ ) as Flex/Flash alternative for some smaller projects.