Microsoft Silverlight Announced

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http://www.microsoft.com/silverlight

Microsoft® Silverlight is a cross-browser, cross-platform plug-in for delivering the next generation of .NET based media experiences and rich interactive applications for the Web.

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Silverlight Streaming
Silverlight Streaming by Windows Live offers a free streaming and application hosting solution for delivering high-quality, cross-platform, cross-browser, media-enabled rich interactive applications (RIAs). With the ability to author content in Microsoft Expression Media Encoder and other third-party editing environments, Web designers maintain complete control of the user experience.  Get it free