I thought I should share with everyone the steps I used to follow in order to create a custom flash to insert into my courses. I averaged about three activities per course and I created about one course per month. It was basically a very precise process involving specifications, review meetings, communicating with programmers, gathering feedback, etc.......
It was while I was trying to get this done that I spoke to an application developer about the situation. I asked him how hard it would be to build a library of these activities and then trade out text and images more quickly. He came back with something better - the suggestion for the delivery system that has become Activity Spice. Now my process is: Sit with my SME, put in the text, click publish, insert in course. Done!
Please feel free to reply back with your process for creating custom flash activities - before Spice!