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Ray Ozzie, the Chief Software Architect at Microsoft, today unveiled a new service from Microsoft called Silverlight Streaming that will provide free hosting to developers for upto 4GB. The offering is free for developers who want to create rich media service with Microsoft Expression Studio tools. Microsoft is also providing Silverlight Streaming SDK.

Microsoft launched Silverlight which was previously called Windows Presentation Foundation Everywhere earlier this month. Silverlight is a competitor to Adobe’s Flash, which has almost become a de-facto standard for online video with the rise of online video sharing services like Youtube, Revver, iFilm and others. Microsoft has also made available a new Dynamic Language Runtime that will provide support for compiling and running Javascript, Visual Basic, C#, Python and Ruby in .Net. The DLR is open sourced under Microsoft Public License.

Ryan Stewart has an excellent write up of the announcements made by Ray Ozzie in his keynote, where as Dan Farber has provided a great transcription of Ray Ozzie’s Interview with Mike Arrington.

[via TechMeme]