Not at all. All games on armor games have to be made with AS3. I don't think there are any programs that convert Game Maker 8 to a flash game. If you want a program that does similar thing to game maker but in AS3 (i think) look here http://gamesalad.com/
I used to use gm but this was what caused me to stop using it. There are several instant play plugins out there thay use flash but I don't think ag would allow it.