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From site: "Prana is an Inversion of Control (IoC) Container for ActionScript 3.0, and more specifically the Flex framework. It enables you to configure objects and components in a non-intrusive way by describing them in an external xml document and having them loaded at runtime."

Ever had the local access error when testing your content (Error #2148). This should help you resolve it. Just add the project location to the trusted locations and you're good to go.