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Tim Sneath, one of the lead developers of the Silverlight RIA(Rich Internet Platform) has announced the release of Silverlight RC1.

Here is a brief Snip of the release announcement.

Since the beta we released at MIX, we’ve fixed approximately 2000 bugs and work items and we’re now feature complete with the final JavaScript-based API. This version of the runtime is vastly more stable than the beta release: our stress test runs show improvements of two or three orders of magnitude in many cases, and the product demonstrates the polish one might expect from a near-final release.

To me silverlight looks fairly impressive and I guess it is going to give Adobe Flash a hard run for its money. Download the Silverlight RC1 here and see some impressive demos here.