flash for seo is a bad idea, despite the recent news about crawling .swfs (not .flvs). as for crawling .pdfs, google has been having issues figuring out which language a site is based on .pdfs, so hopefully they tone that down a bit. allowing textual elements to be crawled is only a small part in helping with seo, and all the graphical stuff still has a long way to go.
more caveats to flash files being only partially indexed.
... and since people use flash for all the fancy graphics etc, the mindset should be to use all little flash as possible.