Frankly, I think that Silverlight isn't really necessary for the web any longer. HTML5 now offers many of the capabilities that HTML has traditionally not offered and for which Silverlight was created.
Having said that, there are a number of businesses that have built many internal LOB apps/sites using Silverlight. I imagine that Microsoft will now start providing technologies that bridge the gap for those developers to help them continue to use their existing apps with little/no change.
I DO wish, however, that Microsoft would contribute its ownership of Silverlight's "Smooth Streaming" to an open standards body. Smooth Streaming allows the Silverlight player to dynamically select different bitrate streams from video content based upon playback performance and bandwidth.
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