Adobe has announced [1] new technologies that will allow SWF content to be indexed and searchable, not just text in the SWF, but also data generated programmatically and at runtime. Lots of good info in the SWF Searchability FAQ [2]. Google is the first to leverage this new ability, and some great Google-centric context can be found on the Google Webmaster Central Blog entry entitled Improved Flash Indexing [3].

Original Post: Flash Content Is Now Searchable [4]