Finally finally, its not implemented yet but it seem that *.swf content will now be indexable by Google and Yahoo. These 2 blog entries give the Full Monty

http://arstechnica.com/news.ars/post/20080701-google-yahoo-spiders-can-now-crawl-through-flash-sites.html

http://googlewebmastercentral.blogspot.com/2008/06/improved-flash-indexing.html