It was only a matter of time...... I first heard about Electric Rain at the launch event for Expression in the UK and the chaps from the product team did their presentation using their software, a very sexy WPF based slide shower called Standout . Now
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Read the complete post at http://blogs.technet.com/james/archive/2007/05/10/convert-flash-swf-to-xaml-for-wpf-and-silverlight.aspx