I'm not usually one to rehash news stories on my blog, but some things are cool enough to make an exception. WPF/E is one of those things.
I for one am wondering how this "Flash-killer" will take on. On the one hand I'm sure it has many compelling features (while I haven't looked very deeply into it, if it's even remotely like the real WPF it has to be better than Flash ActionScript; not that that's hard, though), but on the other hand Flash has an extremely strong foothold in the "rich media on the web" arena. And although alternative browsers are supported by WPF/E, people who use those alternate browsers often do so for reasons that would make it unlikely for them to accept a plugin from MS.
I don't claim to be a psychic, so just like the rest of you all I can do it wait to see how it pans out. But I'm sure it's going to be interesting.
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