The SEO world is buzzing about the recent news that Google, Yahoo and Adobe have teamed up to make Flash file format content easier to find, index & rank. Google’s blog states that:

In the past, web designers faced challenges if they chose to develop a site in Flash because the content they included was not indexable by search engines. They needed to make extra effort to ensure that their content was also presented in another way that search engines could find.

Google’s Webmaster Central Blog provides detailed Flash Indexing Q/A along with several comments that provide informative information as well.

As for Yahoo!, they will have the same capability once they update their technology…I’m hearing it should be soon.