If you are having problems getting a new SDK installation to work with Flex Builder 3 (e.g. if you’re trying to compile a Flex project as AIR application using Flash Player 10) and get the following error:

Process terminated without establishing connection to debugger.
Command:
"C:\Program Files (x86)\Adobe\Flex Builder 3\sdks\3.5\bin\adl.exe" "projectPath" "bin-debug location"
Output from command:
error while loading initial [...]