Well Silverlight 3 is here and wow they sure are kicking up fuss at Microsoft. In all fairness the progression made in the span of six to nine months between releases is truly astounding. They have added an array of features like out of browser support, perspective 3D and graphics card support just to mention some of the headliners.
With every release of Silverlight I have noticed one relatively unsung hero one could say. Now with H.264 HD video support in SL3 all more need for it. The biggest problem with video is the silly amount of money expected for hosting the files and the cost of bandwidth needed for hosting the files. Microsoft saw this problem and resolved it, at the very start of their Silverlight Quest with there FREE Silverlight Live service: https://silverlight.live.com/
The Silverligh Live service has been around since the beginning it address the biggest issue that people have with Flash video content. Simple premise you host your SL3 files on the live servers and you get 10GB of hosting space. 5TB of bandwidth a month at 1.4 Mb/s per stream. With those kinda numbers you should be more than capable of running a rich with media site built on Silverlight.
Whats odd is since its launch I have heard very little about the site. Wonder if a campain is up and coming?