Google Labs Launches Swiffy Converts SWF to HTML5

Google labs has launched a web based product that will convert Flash 8 Basic and ActionScript 2.0 or lower files to HTML5. Swiffy uses SVG features when it renders and supports browser that support Webkit. The nice thing is swf files can be converted and watched on Mobile devices that don't support Flash. The preview is available for 15 minutes after converting your file.
 
Swiffy converts files in two phases: the Swiffy compiler (which you can use on this website) processes the SWF file and generates a JSON file. A client-side JavaScript runtime loads that JSON file and renders it using HTML, SVG and CSS.
 
Swiffy supports many common SWF features such as vector graphics, embedded fonts, images and timeline animation. Basic ActionScript 2.0 code is also supported, but don't expect to convert your favorite Flash game yet. In general, Swiffy supports most of the features in Flash 5, so exporting your file as a Flash 5 will give the best results. The Swiffy compiler will warn you when unsupported SWF features are encountered.

If you were hoping to be able to manually change the HTML5 code that Swiffy generates good luck with that, it's not going to be easy.