iphone + flash cs4 + AIR 2.5 SDK

1) downloaded AIR 2.5 SDK
2) followed instructions on forum: http://forums.adobe.com/thread/745398
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Quit Flash CS4 Professional if it is open.
Navigate to the Flash CS4 installation folder. The default location on Windows is "C:\Program Files\Adobe\Adobe Flash CS4\" and on Mac OS "/Applications/Adobe Flash CS4/"
Within the "Adobe Flash CS4" folder you should see a folder called "AIK1.5". If this folder is not present repeat step #1.
Rename the folder "AIK1.5" to "AIK1.5 OLD" or delete it if you do not need to save a copy of it.
Make a new folder called "AIK1.5"
Download the Adobe AIR 2 SDK from the labs website and uncompress the contents of the folder to the new "AIK1.5" folder you just created.
Copy the "airglobal.swc" file located within the "Adobe Flash CS4/AIK1.5/frameworks/libs/air/" folder into the "Adobe Flash CS4/Common/Configuration/ActionScript 3.0/AIR1.5/" folder.
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3) File > New > Actionscript 3 (AIR)
4) Save and Ctrl + Enter
5) Properties > AIR settings > Use custom application descriptor file. point to generated app.xml in folder where FLA is saved
6) modify app.xml:
namespace 1.5 to 2
<application xmlns="http://ns.adobe.com/air/application/2.0">
add "autoOrients", "icons" tags, etc
7) Ctrl + Enter again to run the application
8) use PFI to create IPA.
9) Install on iphone and test.

tested working.