While it is great that Adobe is trying to work with Google and Yahoo to provide a better search experience, it isn't anywhere near perfect.

A) Google/Yahoo will not execute JS. This means the majority of Flash sites will not show up. This is because almost ALL of the Flash online is put on the page via JS.

B) If your swf file even showed up in google... External content isn't indexed as part of the primary swf file. If there is content that is external (html, xml, flv, swf) they show up as being separate files in the index and they don't show up as content in that first swf. The way most sites are built, the swf will show up in the search results as being empty.

C) If your swf file even showed up in google... No indexing of Images or FLV's

While it seems that Adobe is trying to make the swf indexable, it seems that nobody else is even making an effort. Google, Yahoo, etc. need to adapt to the new market and improve what they search for. They are completely missing the mark here.

You can read some of Ben Forta's comments here:

http://www.forta.com/blog/index.cfm/2008/7/1/Flash-Content-Is-Now-Searchable