I really like the ideas being forth here. I still want to continue to push 
Adobe to finish Falcon work in an open development model, and I hope they 
respond as such. However, assuming not only that Falcon will retain its closed 
development model, but also that it is likely to slip past the end of this 
year, I agree we should move forward so long as there are interested parties.

I like the idea of the libraries quite a bit. What I think we should consider 
in the short term is to start producing a list of must-haves. A few things that 
killed us in the early days of the existing compiler could be avoided with a 
bit of planning.

In the meantime, I am going to continue with my plans to modify the existing 
compiler. Hopefully some of my work will both get us gains in the short term 
but also help provide some fodder for where certain use cases (like extensions) 
can fit into a new compiler design.

Cheers,
Mike


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