Silverlight is a combination of different technology into a single development platform that allows you to select tools and the programming language you want to use. Its a programmable web-browser plugin. It has features such as animation,vector ggraphics and audio-video playback.Its a cross-browser i.e. it works with all versions of all browsers to have existed since the web began. It can be implemented and inter-operated on multiple computer platforms. It aims to compete with Adobe Flash and presentation components of AJAX. It also computes with Sun Microsystems' JavaFX, which was launched few days after Silverlight. Silverlight supports Windows Media Audio and Video (WMA, WMV7–9) and VC-1, as well as MP3 audio. It is being designed to work in conjunction with XAML and is scriptable with JavaScript. Silverlight can also be used to create Windows Sidebar gadgets for Windows Vista. Silverlight exposes a Downloader object which can be used to download content, like scripts, media assets or other data, as may be required by the application.
For more information visit http://www.silverlight.net/
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