UPDATE:
Jack has been making many updates recently creating a whole variety of very nice tweening options! It’s not just TweenLite for me anymore – now all kinds of goodies! (TweenMax[Including: Orienting & tweening on a bezier curve!], TransformMatrixProxy, ColorTransformProxy, TweenFilterLite, and of course still good ol TweenLite)
As mentioned before – this is the most efficient animation class i found yet – very light code, and very easy to use. If you are doing any flash animation, try this option out! He has class options for both AS2 & AS3. Go check out his blog – and see examples of all the options!
I have been slowly but surely diving into AS3 lately. I have finally found a very nice & efficient tween engine at http://blog.greensock.com/tweenliteas3/. File Size added to published SWF: About 2Kb, now that’s efficient! Other huge benefits include nice documentation at site, and two very nice .fla files to demonstrate use!
And did i mention this package is open source, general public license (free to anyone). If you are planning on doing any animation in AS3, i highly recommend start with this tween engine!

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