It will definitely will. I use an AS3 item renderer on another app with 600 items in the list, and works with great performance.
useVirtualLayout is true now, but I could try false. cacheAsBitmap is true. renderMode is gpu (although I had the bug with the black screen but I found a work around) framerate is set to 40 to avoid lag if using 60. Also at some point we will optimize bitmaps as we currently use xxhdpi images and icons even for the 240ppi devices which also adds overhead to the performance. -- Sent from: http://apache-flex-users.2333346.n4.nabble.com/