Seems a bit boring at first. The only 'new' stuff announced has been:
# Profiling tools for Phone applications (probabbly Silverlight apps only)
# IE9 Dev Preview 6 (but no new beta using the updated engine)
# Library to consume OData feed in C# applications (demo in Silverlight app, but probabbly also other .NET apps)
But most of all. No Silverlight 5 news!?
Next up: cloud computing
UPDATE:
The pixar demo was really cool! Puts azure on the spot and really shows the posibilities for smaller companies! My main point is Azure got real. You can see the server via 'connect' and remote desktop. You can deploy Windows Server Images to the cloud like it would be hardware locally (making moving your app much much easier, still running on a 'machine' but you don't own the machine).
Channel9 demo is cool! You guys did some great work! Ask for a raze, you have earned it!
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