Flex 3 ActionScript does not support programmer threads.
But what does flash.utils.Timer do? Does it run in a separate thread or the main loop? If the latter, does that mean that the Timer might not be called if the main loop is in a long-running action?
More generally, what can you tell me about threads running in ActionScript? My once-a-minute Timer is called if an event-handler runs for minutes, so it is not the case that all ActionScript runs in one thread.