With cloud computing on the rise in popularity (even though I am sure there are many talking about it that do not know what it is) I think AIR has a bright future. The lines between desktop and the internet are blurring and apps like Adobe AIR are the future. Silverlight is just Microsoft's attempt to join the band wagon, like everything they do -other than MS Office (for the most part). I am personally hoping to see it fade out.
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