Yesterday Microsoft released version 2 of Expression Studio. You can find a lot more information at http://www.microsoft.com/expression but some of the key new features include

• Silverlight support
• Importing Adobe Photoshop files
• Support for ASP.NET AJAX
• Convert XAML into WPF user controls
• New codecs
• Image slicing

I think there is probably something for everyone in the package.

Read the complete post at http://www.grokdev.com/Blogs/scott/2008/05/02/Expression2Released.aspx