At least it looks like it is, since there are only videos so far – on an Apple iPad 2…
… as well as on an Acer Iconia Tab A100 Android tablet.
Lopens has more background information on their site.
Super Chef is a 2D action game with an unique design. You must take control of the talented chef, whose cutting skills are required to save the World. Fight your way through a hordes of blood starving vegetables of the Mutant City and become a Super Chef!The game is written in ActionScript 3 with GPU support (via Stage3D). Multiplatform support: Android / iOS (Adobe Air), Browser (Flash), SmartTV is also possible.
Everyone seems to be working hard in Kyiv, Ukraine.
Inspiring, and a great showcase of Adobe AIR.