Hello.
I have the same problem.

Ray server works.

[RAY notification] Application started Global Server
[INFO] 2008-10-29 11:12:18,263 main: ( org.springframework.web.context.ContextLoader.initWebApplicationContext ) Root WebApplicationContext: initialization completed in 62 ms
[INFO] 2008-10-29 11:12:18,268 main: ( org.mortbay.log.invoke ) Started SelectChannelConnector@72.232.28.77:5080
[INFO] 2008-10-29 11:12:18,269 main: ( org.red5.server.Standalone.main ) Startup done in: 5676 ms

When see more I try to check it with checker: http://www.boonex.com/rms.html to 72.232.28.77:1935/chat I got: NetConnection.Connect.Failed.

As you can see port is opened:

Interesting ports on 77.28.232.72.static.reverse.ltdomains.com (72.232.28.77):
Not shown: 1639 closed ports, 29 filtered ports
PORT STATE SERVICE
21/tcp open ftp
22/tcp open ssh
25/tcp open smtp
80/tcp open http
110/tcp open pop3
143/tcp open imap
443/tcp open https
465/tcp open smtps
993/tcp open imaps
995/tcp open pop3s
1935/tcp open rtmp <<<-------------
9999/tcp open abyss

And server shows error:

[ERROR] 2008-10-29 11:22:07,655 pool-3-thread-4:( org.red5.server.net.rtmp.RTMPHandler.onInvoke ) Error connecting
java.lang.ArrayIndexOutOfBoundsException: 1

at org.red5.server.webapp.board.Application.connect(Application.java:297)
at org.red5.server.Scope.connect(Scope.java:417)
at org.red5.server.BaseConnection.connect(BaseConnection.java:264)
at org.red5.server.net.rtmp.RTMPConnection.connect(RTMPConnection.java:244)
at org.red5.server.net.rtmp.RTMPMinaConnection.connect(RTMPMinaConnection.java:67)
at org.red5.server.net.rtmp.RTMPHandler.onInvoke(RTMPHandler.java:313)
at org.red5.server.net.rtmp.BaseRTMPHandler.messageReceived(BaseRTMPHandler.java:143)
at org.red5.server.net.rtmp.RTMPMinaIoHandler.messageReceived(RTMPMinaIoHandler.java:120)
at org.apache.mina.common.support.AbstractIoFilterChain$TailFilter.messageReceived(AbstractIoFilterChain.java:570)
at org.apache.mina.common.support.AbstractIoFilterChain.callNextMessageReceived(AbstractIoFilterChain.java:299)
at org.apache.mina.common.support.AbstractIoFilterChain.access$1100(AbstractIoFilterChain.java:53)
at org.apache.mina.common.support.AbstractIoFilterChain$EntryImpl$1.messageReceived(AbstractIoFilterChain.java:648)
at org.apache.mina.filter.executor.ExecutorFilter.processEvent(ExecutorFilter.java:220)
at org.apache.mina.filter.executor.ExecutorFilter$ProcessEventsRunnable.run(ExecutorFilter.java:264)
at java.util.concurrent.ThreadPoolExecutor$Worker.runTask(ThreadPoolExecutor.java:885)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:907)
at java.lang.Thread.run(Thread.java:619)
-----------------------------------------------------------------------------
I use soft from http://www.boonex.com/products/ray/download/
Free Ray Suite 3.5 (3.5.3)
and
RMS for Linux (3.5.1)
OS - FreeBSD

Can you help me?

Thanks.