Well in this tutorial and the main focusing is one the ball and light. The rest can be design to be look more nicer amoung the ball. It is actually quite simple, the technique is to create the texture first and map it onto the 3D sphere. However, we will require Illustrator CS and above to create this awesome Illustrator effect. Find out this tutorial: http://creativelayer.blogspot.com/2011/01/illustrator-tutorial-disco-ball.html
Illustrator’s Export To Flash feature allows you to easily prepare graphics for use in Macromedia Flash.
Thanks a lot! That's a great tutorial. If you don't mind a little constructive criticism, though, the fonts used on your blog are a pain to read. You can hardly tell where the words are separated. Just saying, it's a shame that it distracts you from some very useful content!