Ok, I am probably a day behind the rest of the Microsoft world in posting something on this, but I was traveling most of yesterday so I have a partial excuse.

First, make sure to check out ScottGu's blog post for the definitive details on my short summary...

- Silverlight 1.1 is not going to be called Silverlight 2.0:  That makes complete sense.  Silverlight 1.1, errrr 2.0, is a huge upgrade in functionality over what we have today with Silverlight 1.0.  A much more extensive control set (ok, you will actually have controls, let's be honest), the CLR on multiple platforms, and better performance all make it a significant upgrade.  The first beta should be out in the first quarter of 2008 along with a limited "Go Live" license so stay tuned on that.  Tim Sneath has a pretty good write up on Silverlight 2.0.

- ASP.NET 3.5 Extensions Release: There will be an extension release for ASP.NET next year with a preview of that release coming next week.  Things to be in that release include the new ASP.NET MVC framework, some AJAX improvements, Silverlight support, ADO.NET Data Services (Entity Framework and Astoria), and a couple of other nuggets.