Not bad at all guys.

You sure have proven to us that you do indeed know how to make a pretty decent game. Before clicking on the link I was expecting a racing game like the one you have, but with horrible graphics probably done in 10 minutes or something, but no, I was wrong. For a first game you guys sure did spend time on the graphics aspect (which is a good thing). The game engine was nicely done too, I imagine you guys have already built programs in other languages right?

I will say though that the gameplay was not that exciting for me, but now that we know that you guys are serious developers (and not just a bunch of kids with silly dreams), I can honestly believe you guys can pull off a more sophisticated game.

Suggestions:
For the snow level, how are you moving the snowballs? My computer slows down alot on that course, due to the falling balls. You should try scrolling them all as one huge movie clip rather than seperate movie clips. Nice work so far.