Would like to share with you a project I am involved with at the moment. It is a research project where we are developing a mmorpg learning game for kids between 6-10 years old. Most of the animations will be made in AS.
You can find a example here: http://www.youtube.com/watch?v=D94M-w_w ... ture=email
All the animations are exported from ASP as png image sequences and imported into Flash after being cropped in photoshop to get rid of the unnecessary transparent pixels. Flash is the main tool we use for this production.