“Today Adobe systems made an announcement that it has provided technology and information to Google and Yahoo! to help the two search engine rivals index Shockwave Flash (SWF) file formats. According to the company, this will provide more relevant search rankings of the millions pieces of flash content. “

This is huge news! Until now you’ve had to recode the flash with swapping divs, xml, or other such trickery to get the search engines to read any part of it. It should be noted that neither company has disclosed how they will implement this new crawling software or how it will affect their algorithm, but none the less, this is progress being made.
It should be noted that this will only affect Yahoo and Google, so all the little search engines and content scraping websites will still be unable to read or harvest content. So the old work a rounds will still be used by real web developers to guarantee results across the board.