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In a comment to a recent blog post, Flex Technical Evangelist James Ward said: "Adobe continues to try and find the tough balance between more openness and what our developers want. Most of our developers tell us not to open source the Flash Player because it would lead to forks and incompatibilities in the run time". Unfortunately I think James is falling into the same mental trap that a lot of people do when it comes to open source and licensing. That is, that Open Source means Linux and GPL. It does not. Here we look at four key aspects of a software license and discuss whether open sourced Flash/Flex/AIR would really be at risk of forks and incompatibilities.