I am in Brighton for Flash on the Beach 2009 (amazing conference as usual). I gave a presentation on Adobe AIR yesterday, titled "Advanced Desktop Development with Adobe AIR", which went well. I covered how to accomplish and approach a number of development tasks when working with AIR, and also talked about a couple of new features that we are working on.
I have posted the slides for the session, which you can grab from here.
You can find most of the libraries and code I discussed on the as3corelib library page (look in the com.adobe.air package).
Marc Hibbins has notes on the session here.