Is there any way to protect your flash work? To be honest the answer is NO. As you probably know everything that is uploaded on a web server and is accessible from a web browser is downloaded to the users' computers and could be found in the temporary directories. Once someone gets your swf file he could use one of the dozen decompilers to reproduce the .fla and .as files. Anyway, there are still some ways to make stealing difficult.
Flash is wonderful technology and has many advantages. Before a couple of years it was really popuplar to use it for displaying fonts that are not installed on the user's machine. Flash is still powerfull tool for such kind of tasks. These days I worked on a project which had to use a lot of fonts. It wasn't possible to embed all of them so I decided to implement runtime embedding.