It looks like Google can do that for some time now: http://www.webpronews.com/topnews/2004/09/...ichael-marshall (please note the date of this post).
If that article is true then Google has done a horrible job at it.
And IMHO, people shouldn't get all gung-ho about doing an all Flash site.
As I try to tell the designers where I work, "Flash is just one tool in a tool set to build a website. You wouldn't build a whole house with just a hammer and nails would you?"
Improved Flash indexing from the Official Google Blog
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