Decompiles SWFs into FLAs with nameless movieclips, and external .as files. The .as files can't find the movieclips so you wind up with a list of cryptic errors in your output panel.
For example, working with a SWF I have complete knowledge of, the app decompiled into 4 Graphic symbols it named "shape"1,2,3,etc and 4 movieclips it named "sprite" 1,2,3,etc. It also revealed a folder with 2 .as files.
The actual FLA contained 13 movie clips, 2 bitmaps and no external .as.
Very disappointing.
(Version 4.5)