Publishing to ONE Executable File

If it matters:

From Sarah's description, it sounds like a zipping software. I've know of others (before Win 7) that zipped content, and packaged it as an .exe. that when double clicked extracted the files.

It sounds like this just adds the extra steps of executing one of the extracted files, and deleting them on completion. So in reality, nothing is converted; whatever you publish is extracted to the learner's computer and executed exactly the same. All that is gained is a simple method of installing the published output. It doesn't do much to make it more difficult for learners to access assets, like the graphics and animations Sarah mentioned in her original post. (By the way the graphics are already pretty difficult to access, and the animations nearly impossible in flash.) About all you gain is that the end users can get by with less computer sophistication to install and run your files if they are zipped in one package like this.

Short answer: I don't think it sounds like any file is converted.