Microsoft is launching a developer's package to compete with Macromedia Flash, which was the only player in web development till now.
Microsoft is brining this product with many features like vast compatibility, Flexible, Efficient, Connected and Streaming too. It is compatible with windows, Mac, Linux.
The latest version 2.0 will come in first quarter of 2008.
This is the link where you can watch video tutorial for Silverlight and upgrade your self.
I will write more on this blog in few days, let me study and gather information in depth.