Flash Component for .NET

Sometime ago I had a task: to create a flash projector (something like Zinc or mProjector) with C#. This program should convert input SWF files and other resources into single EXE file that should work in semitransparent or window mode. Optionally, flash.ocx / flash9.ocx can be included into final exe file. After surfing over Internet, I've found this interesting product. I hope we will create a good flash projector with it :)