Beu has done an outstanding job testing how Google truly handles Flash indexing and crawling. To take you back, Google began indexing Flash in July 2008 and then we had a follow up post on it in late August.
Let me summarize Beu's four findings:
(1) Google has an issue associating text content within a Flash document with the correct parent URL or as a single entity.
(2) Flash documents does receive PageRank "independent of their own parent URLs."
(3) Google does not index URLs "containing #anchors (fragment identifiers) in Flash per W3C Guidelines."
(4) Google does not translate Flash content into different languages.
I would recommend you see his Flash SEO Tips for 2009 as well.
Based on Beu's tests, he has asked Google a fairly sophisticated question at Google Groups. I'll quote the question:
That would be a nice addition but personally, I don't think it will be coming any time soon.