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just read this on their blog does any one see improvements yet?
To date, when Google encounters SWF files on the web, we can:
* Index textual content displayed as a user interacts with the file. We click buttons and enter input, just like a user would.
* Discover links within Flash files.
* Load external resources and associate the content with the parent file.
* Index sites scripted with AS1 and AS2, even if the ActionScript is obfuscated.
We index sites with AS3 as well. The ActionScript version isn't particularly relevant in our Indexing process, so we support older versions of AS in addition to the latest.
I still haven't seen any solid examples of the SWF file itself (or the embedding page) ranking better because of this enhanced indexing, but I am seeing SWF files appear more often as backlinks in the Webmaster Tools report.