Right, why doesn't this work??

        var myFont = new MyriadPro();

        var _displayTextFormat:TextFormat = new TextFormat();
        _displayTextFormat.size = 15;
        _displayTextFormat.font = myFont.fontName;

        var _displayText:TextField = new TextField();
        _displayText.defaultTextFormat = _displayTextFormat;
        _displayText.embedFonts = true;
        _displayText.antiAliasType = AntiAliasType.ADVANCED;
        _displayText.border = false;
        **_displayText.htmlText = "hello<br />hello";** //_springModel.displayText;
        _displayText.width = 170;
        _displayText.height = 250;
        _displayText.x = 270;
        _displayText.y = 80;
        _displayText.wordWrap = true;
                    this.addChild( _displayText );

font works, it's positioned properly, wordwrap works, but it's not recognising the "". W-T-F

Apparently the _displayText.html = true doesn't work anymore... what am I missing?!

i think you might need multiline set in there. Try adding _displayText.multiline=true

Thank you Paul, that was driving me mad. I thought multiline was set to true by default in as3.

STUPID ME.

No idea m8 but glad it's working for you