Ok, hopefully this problem is easily reproducible:
git clone https://github.com/joshtynjala/feathers
Create Flash Builder project and point it to the TileList example in the examples folder.
Make sure to select Main.as (not TileList.as) as the main file. It is a few folders deep.
I am debugging on my iPhone - not sure what happens with an emulator but I'm assuming I would get the same error. So when I do, Run -> Debug, it loads fine - but when I click on the app to open it on my phone, this error pops up in Flash Builder:
TypeError: Error #2023: Class Main$ must inherit from Sprite to link to the root.
Not sure what this means - I found a few things on google, but nothing has lead me to any success.
My problem was with step 3 in my outline above - I needed to make the TileList.as the main file instead of Main.as (not sure why TileList.as isn't called Main.as) - I also needed to add all the icon images to the main source folder because they weren't there (maybe something that needs to be corrected on the feathers repo).