I migrated over from my old black macbook to MBA 13 i5 the adobe cs5 master collection.
I had some issues...
Before anything could launch I had to download Java for Lion.
A lot of Dreamweaver's configuration folder was 'left behind' and the program wouldn't launch, so had to transfer them manually.
Some of the other packages, InDesign for example has been crashing quite a bit.
Photoshop runs like a dream, way faster and some of my heavy plug ins like Colorperfect used to take 4-10 mins to invert a .fff file where as now it takes no longer then 20 seconds
One tip however, open it in 32 bit mode (cmd+i on the app and check the 32bit mode box) if you don't do this it pisses memory everywhere.
Fireworks works fine as well as does Bridge.
Haven't tested Flash yet, not really a big user anyhow.
I still can't believe the power of this little laptop.