Faithful... Sort of...
It's sort of faithful to the original pong. The difference is, it's turned sideways. There are a few things you can brush up on. One being the difficulty. No matter what difficulty I picked, it seemed that it was all too easy. You need to speed up the ball as time goes on. I'm sure that would be difficult, though. I've messed with actionscripting, and I know it's hard.
Another thing to work on would be the hit test of the buttons. I had to search around the buttons in order to find a spot where it would respond.
Overall, I only saw these two problems. This here isn't a bad first try, but I wouldn't count on it passing for long.