Adobe must have read my letter:
Dear Adobe,
You make great web design products. However, the fact that Flash is invisible to search engines makes it a detriment to anyone who values the web as a business channel. Which by the way, is everyone.

Adobe has finally decided to work with Google and Yahoo to [...]

Possible:  Yes.  As good as a non-Flash site:  No. 
So you MUST have a Flash site, even though you are aware you will NOT have an easy time achieving high SERP (search engine results page) results?  Be aware you won’t find a great deal of help or advice on this front from most SEO experts. 
In [...]