Spekt IDE will be a great alternative for Flex Builder which also combine the features like drag-n-drop code control into the code. Other stuff like Flashdevelop is great but the propouse of Spekt aims to be better. The price is very cheap $29.00. Althought , I believe that if the creator(Eric Suen) could open-source the program and get people helps.
The only limitation I’ve got is because the project doesn’t support compilation just edit. Here’s a extern from the website.
Spket IDE is a powerful editor for JavaScript, XUL/XBL, Laszlo, Flex, SVG, Silverlight, and Yahoo! Widget development. It provides features like code completion, syntax highlighting, and a content outline that helps developers create efficient JavaScript code. It can run as a standalone application or as an Eclipse plugin.

Twitter Updates