AS3 > AS2 localConnection & Director

I have a shockwave application that needs to talk to a SmartFox server, which is only able to comunicate with a swf.

This can be handled by embedding a swf in the shockwave application, acting as a proxy between shockwave and the server.

However, from what I gather, the newest version of Director still does not support AS3.

I’m planning therefore, on creating another swf in AS2 and using a localConnection to pass from AS3, to AS2, to Shockwave.

This approach seems to work in my head, but has anyone tried anything like this or got any information they think might be useful?