No, it is not. However, you can load the movie as a clip into flash and rotate it, then save it as another swf. The demo version supports that. If you want to, resizing to a resolution of 320*240 should look best (fastest), as the PPC doesnt have to resize then.
If the SWF is protected, get a tool called Swiffer (I believe that's the name).
To have the full screen viewing experience, get Flash Assist (www.antmobile.com). Says trial, works forever.
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