Is it possible, using AS3, to programmatically generate a .swf file? What my little app does is load a bunch of images, using FileReference, now I want to compile them into
I haven't investigated the package thoroughly, but the As3Eval library seems to be doing what you're asking - realtime compilation of AS3 into executable bytecode (on the client with no server interaction). Check out the demo.
I'm not sure it would support image embedding - perhaps you could encode the image data as a base64 string in your dynamically built source code.