How can XAML be of good use to me?

The work-day is almost over me, I'm off to a friend of mine for some sauna and cold beer. Just to "prepare" somewhat for the christmas party later this evening :)

I looked at and listened to Chris and Don and their MSDN TV holiday special. I'm no emacs fan, but it was quite fun to see Don type away like that. A few typing errors now and then, but Don doesn't really need IntelliSense :) XAML still looks scary to me... I still have to figure out how XAML can be of good use to me in my everday work as a programmer and systems architect doing ASP.NET applications.

If anyone can tell me or knows of a good URL with intro to XAML, please comment!