It’s microsoft, yay! Not gonna be open source, but neither is anything in the Adobe/Macromedia bundle? Processing and Pure Data still take the cake when your talking open source, but if you can get a freeware/beta version of Silverlight you can decide for yourselves.
http://www.youtube.com/watch?v=JEUrQEj6Sd4
http://www.microsoft.com/silverlight/default_ns.aspx
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