It was only a matter of time......
I first heard about Electric Rain at the launch event for Expression in the UK and the chaps from the product team did their presentation using their software, a very sexy WPF based slide shower called Standout.
Now these guys have come up with something which is also very cool, a conversion tool called Harmony (nice name :-))that takes your Flash swf files and spits out XAML for use in Silverlight and WPF apps. I love the concept and can't wait to see it when they release in the Summer.
They do mention that some of the actionscript animations from Flash might not convert well but it's interesting all the same.