I say this because of the top 2 technical limitations listed on Google’s Blog:
2. We currently do not attach content from external resources that are loaded by your Flash files. If your Flash file loads an HTML file, an XML file, another SWF file, etc., Google will separately index that resource, but it will not yet be considered to be part of the content in your Flash file.
In regards to issue #2… Google is basically saying it will only be indexing static text. How many Flash sites rely on static text? Let’s take the site I mentioned yesterday as an example. Transitions wants it to be able to handle multiple languages so almost all of the text is either retrieved from XML files or the .NET backend. The only static text field I can think of says: “Brought to you by” and is followed by the Transition’s logo. Google’s spiders will ignore the logo since its an image and will then index our EyeGlassGuide Tool as “Brought to you by”. Very descriptive. Very promising. I realize that project was for a large company and not everyone will want their tool to support multiple languages, but even during my freelancing days, small clients wanted everything in external files so they could change content quickly and easily.
Granted, those smart folks over at Google are working on figuring these two technical limitations out. But for now, nothing seems to have changed with Flash SEO. The future has great potential, but the current best option is to continue using the swfObject and placing your SEO information in the alternative content section… just like before the press releases.