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While I like Silverlight as a development platform, and it has potential, consider the following:
* Most any decent Silverlight player will require version 3 of Silverlight, which is not supported on older Macs (G4 running Tiger, for example).
* You could settle for a Silverlight 2 version of your player, but then it may not have all the features you'd like.
* Absolutely no support for the most popular mobile devices. (Though supposedly MS is working on a Silverlight for Android-based phones, and there are rumors for the iPhone, but they're just rumors, and there's nothing out yet.)
* To get truly secure streaming you need very expensive server software. Last I checked it was something like $30K. That's for the SDK, and I'm not sure of the pricing for just a run-time of the server, if that's even available.
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