So, a group of bronies has started making flash animated MLP videos. The first one is a project called "Luna's Lament", and the next one is "My Little Time Lord" (a Dr. Whooves project).

The first one is up, and it has some flaws here and there, but mostly I think they did a good job:

Luna's Lament

Let me know what you guys think, and I'll be posting their projects here as they upload them.