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Ive seen people post sprite sheets that contain all character animations, is it possible to use such a sheet within flash? Example: 6 frames each 10x10px so the sheet is 60x10px. When a walk is initiated, it cycles through the sheet for that action.
Absolutely! Mind you, the process is a bit different between AS2 and AS3. In AS2 you simply attach a copy of your bitmap to a movieclip, put that movieclip into your character clip, and give the character movieclip a scrollrect equal to the size of your frame (10x10 in your case). Then each frame, simply move the bitmap-holder clip by the width of your frame. Here's example AS2 code: