Take a look into this post:
http://techblog.floorplanner.com/2010/01/25/introducing-asblender/
"Enter ASBlender, a library I slapped together in a few days to read Blender’s .blend file format and parse it to AS3."
lucky you! ;)
EDIT: added link for the project:
http://github.com/timknip/asblender
EDIT2: With the asblender library you can parse directly the .blend file (this is the working file, not a exported file format). Once you have the file inside the flash application you can use Papervision (I believe you do the same with other 3d libraries) to render the model, this way you can do a single image of the model or you can let user to see the model rotating. Beware that any of this libraries won't give the same render quality that a 3D application like blender is capable of. The good thing about this library is the capability of reading all the info in the scene, so you can match cameras and lights to be as close as possible to the original .blend file.
Alternatively there are also other parsers like Ase, Collada , DAE, KMZ, Max3DS, MD2, Sketchup, SketchupCollada... all of this inside papervision library.