Silverlight is a cross-browser & cross-platform technology for building & delivering the next generation web experience & rich interactive application for the web. You can run Silverlight in most of all the popular browsers like Internet Explorer, Firefox, Safari etc. Using Silverlight you can create your own site with great looking UI, Animations etc. It's a great competitor to the Flash.
To view the Silverlight web applications you must need Silverlight plugin to be installed inside your PC as a browser plugin. You can download it from http://silverlight.net/GetStarted site.
Silverlight features are available in this site: http://www.microsoft.com/silverlight/overview/top-features/all-features.aspx
Hope this information will be helpful to you. Please mark as answer if this helped.
Thanks & Regards,
Kunal Chowdhury | http://www.kunal-chowdhury.com | http://twitter.com/kunal2383
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