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What it has going for it is it's not Flash...

jasonp@... 5th Sep 2008

Flash has the same perception problems that Vista has.
People perceive that it's slow, cumbersome and buggy.
As with Vista, some of the knocks are legitimate while
others are just plain FUD. Silverlight certainly
isn't nearly as ubiquitous as Flash, but it has been
able to leverage the Microsoft bankroll along with
some extremely high profile wins like the Olympics.
Neither Flash nor Silverlight has the developer
community that Javascript has though. It'll be
interesting to look back in 5 years and see how each
has fared. I'm guessing that each will fare well with
none of the three emerging head and shoulders above
the others. Each has their strengths and weaknesses
and each has a loyal developer base. To me, that
spells competition...always a good thing.