As a searcher, you can now find SVG documents in the Google index. Google said they will index it as a standalone file or embedded directly in HTML. If you don't want them indexed, you should use the x-robots exclusion feature.
SEOs don't seem to excited about this new indexing capability of Google. Tedster said in a WebmasterWorldthread:
My take - indexing the svg format won't mean anything for ordinary search traffic for a long time, just as indexing swf format has meant very little. But for now, it's good to know that you can find things with the filetype: operator.
Do you agree?
Forum discussion at WebmasterWorld.