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First things first, you'll need to install the Blackberry Simulator and the Blackberry SDK. Those resources can be found on the Blackberry link posted above. From there, you'll need to install the Simulator, configure it for Dev mode, get an IP and create a password. You'll also need to configure the Application Descriptor file. Hey, it's not easy, but I guess that's why they pay us the big $$$. ;-)
URL: http://chrisaiv.com/post/4187704195/developing-for-blackberry-playbook-using-flash-cs5-1