Interesting link found on digg - ‘read more’ below will take you to the author’s original article.
Yeah why not! They look good and can be very creative with a lot of visual effects. But the truth is they are not very search engine friendly. For those who have just spent a lot of bucks on creating a flash masterpiece, no need to panic, there are a few ways to help improve your website’s search engine visibility.
The fact that robots can’t read full flash site will means the need to design a feature to display full text content to these smart robots. Which isn’t that cloaking?