What's the skinny on Flash Catalyst?

Sorry if this is the wrong forum but I was asked to look into Flash Catalyst as an option for my creative director who does not want to learn Flash.

I read content on the Adobe website and watched some tutes on Lynda.com but I’m not convinced. I can write AS2 just fine but I’m mainly concerned that Flash Catalyst will generate AS3. They don’t explicitly address this.

Besides, it looks kind of “cookie-cutter” in terms of what it actually does.

Anyone have any experience or know of a forum where I could get some user-based opinions?

Thanks!