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The suggestion that is now doing the rounds that Windows 8 is going to finally bring the Longhorn project to fruition may be a rumor - but it seems to make a lot of sense when you piece the puzzle together. There has been much speculation on where Microsoft is going with .NET and HTML5. The company hasn't helped in this and its pronouncements and lack of pronouncements have made a difficult situation much worse. Now we have some light at the end of the tunnel.
The new promise of Silverlight to deliver rich interactive applications is also almost dead with the advent of HTML5. HTML5 is light-weight and is the preferred way to build sophisticated UI on the internet.