Microsoft has officially launched Silverlight 3 now. Its an RIA (Rich Internet Application) with a scope somewhat similar to Adobe Flash. The new version features better video and audio quality. It features hadware accelerated H.264 video support and AAC audio decoding. More formats have been introduced and stronger content protection and encryption has been implemented. You can read more about its features at silverlight’s official site. Silverslight 3 will be demonstrated on WPC at new orleans from 13th-16th july along with other products including windows 7, MS office 2010 etc.