Jesse,
Gregory developed a widget called the MapListenerWidget that is exactly what you are after I think.
http://forums.esri.com/Thread.asp?c=158&f=2421&t=297522&mc=14#929106
Thanks Robert,
After implementing the widget I am getting Error - "1119:Access of possibly undefined property attributes through a reference with static type flash.display:Graphics" in MapListenerWidget.mxml file.
Any help is highly appreciated.