I'm not sure if this is old news to you all. It's something
that MS Research calls 'Singularity'.

ftp://ftp.research.microsoft.com/pub/tr/TR-2005-135.pdf

and a some interviews with the (re)inventors here:

http://channel9.msdn.com/Showpost.aspx?postid=68302
http://channel9.msdn.com/Showpost.aspx?postid=141858

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