Most features are supported where the HTML/CSS equivalent exists. No support for any Actionscript conversion (oh if only AS3 hadn't decided to reinvent itself as Java 2 this might have been possible).
Questions:
1. How modular is the code produced? Could I easily use Flash to create chunks of animation but then control them via Javascript?
2. Will Mozilla ever support CSS Animation? Last I heard they weren't too keen on it.
3. IE? Scratch that. I'm not even going to ask.