Simple things like lists with bullets are not yet supported
FlowText does not actually flow around things until 2.0 is released with the Flex 4.5 SDK along with many other needed features
I plan on making a Report application which will be able to contain other applications such as a rich text widget, advanced data grids, charts, and anything else we come up with down the line. It will lay them out according to whatever layout the user wants and hopefully look just like a report would on paper. I think the first iteration will read a config in from a xml file and the next version may have editing similar to a wiki page.
When working on the report widget I started thinking about how widgets will communicate with each other so I decided to refresh my memory on some existing popular flex application frameworks:
Cairngorm – not very dynamic out of the box
PureMVC – Could work but it completely ignore the built in eventing of flex and makes its own publish/subcribe methods…. so every view component needs to be wrapped in another layer to translate events. This is, of course, a good idea to make reusable widgets but if you’re already doing all this extra work for your widgets, why not use your own architecture instead?