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The project is to create a Flash Lite application for mobile phones that will display accurate and calibratable audio waveforms from headphone jack input. Creating the waveforms themselves is fairly well documented (http://www.gotoandlearn.com/play?id=62) but creating the waveform in realtime is not something I know how to do. (maybe there's some getStream method I don't know about?)
The basic idea here is to create an application for dummies like me who have to monitor audio levels sometimes, but aren't expert at reading VU meters. I want to have a graphic reference so I can see if I'm getting good levels or peaking. I need to calibrate to 1 kHz for accuracy and see two separate channels (probably in separate colors) but other than that, it doesn't need to be pretty. Just functional.