Probably you would've read about this by now; Microsoft has released the first public beta of Microsoft® Expression™ Interactive Designer(Sparkle). You can get it here
EWeek has already started asking if its gonna be a Flash killer!
There is a video which was released sometime in September last year, which showed some sneak peaks about the product. You can get it here
Doesn't sound like something the people that make flash what it is would use. And as far as I can see it's just for Windows, so I won't be using it anyway :-)
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