Like all "cool" and "attractive" flash-built websites,
the sample I looked at took a hellishly long time to load. Above that, you won't have a very good SEO (Search Engine Optimization) because search engine bots can't read text in flash just like they can't read text in images.
The other thing annoying about designing in flash is that in order to make a small edit you have to open up your editor (which can take ages), make the change, export as swf and then upload it to the server again. I imagine it's also pretty hard to intergrate PHP into a flash based site but I may be wrong.
Their claim that HTML designs are boring and unimpressive is wrong. Some of the best designs have been achieved through HTML and CSS.
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