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If I have a pure as3 project that I have been compiling with flex3 from mxmlc, is there any reason to switch to using the mxmlc with flex4?

I can use all of the flash 10 language features like Vector, 3D, etc., so that is not a reason to switch (or is there something I can't do?).

But maybe there is a performance boost? Or is it the exact same compiling tool and the flex code base is the only difference?

+1  A: 

The compiler in Flex 4 is much faster even for pure AS3 projects.

http://www.duvos.com/?p=47

Other than compiler speed, I'm not aware of any differences. The resulting SWF/SWC should be pretty much identical.

Sam