WPF/E = Flash Done Right?

Finally some screens of WPF/E with a few details:

http://blogs.msdn.com/mharsh/archive/2006/03/23/559106.aspx

Looks to me like with support for real languages like C# on the client tier (yes even on the Mac) as well as vector graphics via XAML, WPF/E is shaping up to be Flash done right. The way I see it, two of the biggest problems with Flash are ActionScript and the fact that you must learn an entirely new development paradigm. Looks like WPF/E is going to solve both of these by really letting you code web apps the same way you code desktop apps.

Hopefully, Microsoft adds the right amount of richness into the mix while keeping the install small enough that it can be easily bundled or downloaded, because it would be great to see a decent competitor to Flash on the market. Flash is definately a cool technology, but there are huge flaws in it that Macromedia has never really had to address because there simply isn't any real competition in the space. I know JD doesn't agree with Microsoft's decision to build their own stack, but I think it will be better for everyone--including Flash users, as this may cause Adobe to address issues that it otherwise might be content to ignore.