OK, so before all you Flash-crazed developers get too excited, what Google specifically will index is two things:
1. The text content in .SWF files.
2. URLs can now be followed.
This means that Flash websites can indeed be made SEO-friendly, although I am uncertain how much Flash designers would want text content in their files – specifically enough text content to really make a page SEO-friendly.
In any case, you can read more about this development at the Google blog post on Flash indexingWritten by David Leonhardt
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