Google Swiffy converts Flash to iPhone, iPad friendly HTML5

Google has an interesting tool up called Swiffy, which converts Flash FLV files to "HMTL5" formats which should be compatible with iPhone, iPod touch, and iPad. (I put HTML5 in quotes because it represents not just the HTML5 standard itself, but typically and conveniently includes CSS3, JavaScript, H.264 video, and other technologies).
Swiffy converts Flash SWF files to HTML5, allowing you to reuse Flash content on devices without a Flash player (such as iPhones and iPads).Swiffy currently supports a subset of SWF 8 and ActionScript 2.0, and the output works in all Webkit browsers such as Chrome and Mobile Safari. If possible, exporting your Flash animation as a SWF 5 file might give better results.
Flash is more than just video, however, and Flash games, interfaces, and other media types can't yet be replicated by HTML5. Still for content that Flash -- and its overhead -- aren't needed for, this sounds like a great tool. (It also sounds like something banner ad companies will jump on...)
I'm trying it out now on some simple Flash slideshow files but getting errors. If I get it working, I'll update with the results.
[Swiffy via Daring Fireball]
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Rene Ritchie is one of the most respected Apple analysts in the business, reaching a combined audience of over 40 million readers a month. His YouTube channel, Vector, has over 90 thousand subscribers and 14 million views and his podcasts, including Debug, have been downloaded over 20 million times. He also regularly co-hosts MacBreak Weekly for the TWiT network and co-hosted CES Live! and Talk Mobile. Based in Montreal, Rene is a former director of product marketing, web developer, and graphic designer. He's authored several books and appeared on numerous television and radio segments to discuss Apple and the technology industry. When not working, he likes to cook, grapple, and spend time with his friends and family.