Holy cow! Silverlight 2 was just released and ScottGu mentions some of the improvements coming in the next major versjon; Silverlight 3.
Next year we will ship our next major Silverlight release — Silverlight 3.
Silverlight 3 will include major media enhancements (including H.264 video support), major graphics improvements (including 3D support and GPU hardware acceleration), as well as major application development improvements (including richer data-binding support and additional controls). Note these are just a small sampling of the improvements – we have plenty of additional cool features we are going to keep up our sleeves a little longer.
Looks like Microsoft is pouring a lot of resources into Silverlight. I’d have no issues betting the farm on Silverlight.