Linked by Adam S on Thu 26th Apr 2007 19:30 UTC, submitted by Flatline
General Development Adobe Systems plans to open-source Flex, its development framework for building Flash and Apollo-based applications. The company on Wednesday is expected to announce the move, which will start when it releases a beta of the next version of Flex, code-named Moxie, in June.
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No IDE
by Maners on Thu 26th Apr 2007 19:47 UTC
Maners
Member since:
2005-07-26

It doesn't include the eclipse-based IDE:
http://labs.adobe.com/wiki/index.php/Flex:Open_Source:FAQ#What_comp...

I've never worked on Flex so I don't know how useful the SDK itself is.