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I looked into it when it first came out. I really like what Microsoft did with XAML and WPF. Too bad they are proprietary technologies.
As such, I predict only large corporate companies will use it for their internal projects or for very select customers. I don't think anyone is using it for the public mass internet population.
The open sourcing of the flex SDK was a smart move on Adobe's part. It's hard to compete against that.
As a developer though, it's nice to be able to use whatever language you want. I guess technically you can do that with Actionscript 3 since the virtual machine specs are freely available. I personally would love to develop web apps client side with Ruby but I don't think there are any viable options for that right now.
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