If like me you want to develop Flex applications with a Design View so you can actually see what you're doing as you code, check out IntelliJ and the Flash Designer UI plugin. It supports Flex 4.8+ and features a design view that runs in an AIR application. For me this is better than Flash Builder's previous design view since it now means I can code on one monitor and see the changes (in real-time too!!) in the design view app on my other monitor - essentially reducing development time.
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