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Silverlight 1.0 - Cross-platform plug-in delivers interactive applications for the Web.
On the World Wide Web, these applications have a special name: Rich Internet Applications ( RIAs). Programmers can create complex, user-interactive Web applications using Silverlight technology. It gives Web developers the ability to incorporate streaming video, audio and animation into Web pages.
Silverlight requires developers and users to download a client - Web browsers can't process Silverlight content without this download. In many ways, it's similar to Adobe Flash.