I like simple pleasures like being able to just slap an mxml tag, set an mp3 source and listen to the audio play... that's just me, that's just something I enjoy... call me crazy, call me a pervert.
The SoundEffect does something along those lines, but not exactly what I wanted. So I prepared a simple Audio component to be able to do that easily. You can set the source, you can scrub its playhead position ( my little dutch boy ) and you can bind to several of its properties (bytesLoaded, bytesTotal, length, rightPeak, leftPeak, isBuffering, playing, etc... ) Also, it tries to fetch the ID3 tags, so you can also bind to artist, songName, album, ...) and you can also play embeded files with it. It also has simple properties like volume, pan that you can just set.
Check out the usage example here. Grab the component from here. Check out the example mxml here.