Farhan's Two Cents on Collaboration, Integration & Enterprise Tech.

Its a runtime to...

• support Windows Presentation Foundation/Everywhere (WPF/E)
• support browser based applications
• offer comprehensive (or more) features of JavaFX, Adobe Flash, AJAX components
• execute C#/VB.net code (it includes .Net 3.0 CLR)
• for a laundry list of features refer to http://blogs.msdn.com/tims/archive/2007/04/15/introducing-microsoft-silverlight.aspx

What its NOT....

• A silver bullet
• Animations in applets

What the future is like for Silver Light remains to be seen; instead of repeating the discussion, I will point to a very interesting discussion on the future proespects of the runtime by Jeremy.