No no, treat exporting to FP11 like any other version. Grab the latest Flex SDK, grab the latest FlashDevelop, download the desktop FP11, and then in FD you just need to choose Flash Player 11 as target version, bingo. Simple.

And Molehill seems to have bad GPU support...or at least it doesn't support my laptop's GPU, which is an integrated one. Either way, I'm thinking of using Molehill for rendering either way, since it should be faster.

P.