OK Port, Lacks Replay Value
To be frank with you, a random insult-excuse-alias-whatever generator has been done multiple times on the net, with a lot more functional and complex databases also. Granted, Flash does not exactly walk hand-in-hand with the term "database", so you should get some pity points over there.
Seeing something like this in Flash for the first time (at least for me) does add to the interest factor, but the low variation doesn't really justify for any replay value.
I would definitely be keen on seeing a ~3Mb version of this, however. Perhaps with characterization options and more complex sentence structures in addition to an enhanced choice in words to use? That might require some real development, but then again why release if you're not breaking the borders.