I found the following interesting announcement on the SilverLight Team Blog about Project Crescent.
Here is an extract from the announcement.
Project Crescent allows business users to manage data and show information in a truly innovative and exciting way, allowing people to visualize, interact and report on data using highly interactive visualizations, animations and smart querying.
One of Crescent’s most exciting features is its integration with PowerPoint. Through a feature called Storyboarding, users can embed reports in PowerPoint and manipulate the live data during a presentation.
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