Our team is using IntelliJ for AIR/Flex development since 4 years now and we
are really happy with it. Its fast, reliable and offers a bunch of useful
features. Haven't worked with Moonshine or VSCode yet but heard they are
also quite good.
I would think the bigger and more complex your project is, the more would
IntelliJ be the right choice. 



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Jan F. Weber,
AIR/Flex Developer @ SeMSy 5 Front-End Team, Dallmeier electronic 
(www.dallmeier.com)
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