Mode 7 Ex

Is the flash exporter compatitable with Mode 7 Ex?

No its not

I've seen flash games using it before is why I asked. So would is it realistic to say that there's a possibility it could be added in the future?

Yes... but probably not. Unless a third party developer ports it, I suppose.

Why is that though? I mean is there a specific reason besides maybe holding other objects that are not available as well with more importance.