Updates: I changed the name of the post as technically this is not a gesture API. It is a way to achieve gesture-like effects using touch data. Also the code below was missing an important line. You have to set the input mode to touch point in order for any of this to work.
As part of my multi-touch session at Flashbelt I introduced a new API for getting true multi-touch gestures in Flash. Windows 7 has a pretty big [...]