From Forum Nokia Wiki

This is a very useful component describied in the article. As the new devices are supporting touch iteraction, the use of touch based scrolling is becoming common in FlashLite applications and hence using the readymade component will fasten the application development process.

The author has detailed the process of installing the component in addition to detailing the process of using it. The example provided with the code snippet will make it easy to understand the use of component in applications. The documentation of Menu Component ActionScript API will even ease the process of using and extending the component.

The component can be used as a prototype to create new such components in FlashLite.