According to this press release, Adobe is going to work with Google and Yahoo to help them index flash content which was previously not included in their search algorithms. The press release specifically mentions the following:
Adobe is providing optimized Adobe® Flash® Player technology to Google and Yahoo! to enhance search engine indexing of the Flash file format (SWF) and uncover information that is currently undiscoverable by search engines.
This is great news for certain websites who will experience a boost in search rankings, especially those that are built primarily with flash and for those businesses that have complex products and use flash demos to exhibit their products.





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