"Acrylic" (code name) is the professional design program that brings together the richness of pixel-based painting and the performance of editable vector graphics for a more fluid and flexible creative workflow. Create sophisticated designs and graphic elements for your on-screen, web, and print projects.

The Developer Section of internetnews.com mentions that:

"...Available as a free download (Acrylic), the community technology preview (CTP) lets users export graphic design elements in the XAML (define) file format. XAML, Microsoft's extension of XML, is a declarative markup language used with the Windows Presentation Foundation (formerly known as Avalon) that's part of Windows Vista. XAML provides a high-level syntax that can invoke the .NET Framework as well as delivering the user interface of an application. It can be used for two- and three-dimensional graphics, text, animation and video. The idea is to let designers and developers working on Windows Vista applications use the same code base, so the developer doesn't have to recreate the designer's work, said Forest Key, Microsoft developer product manager..."

If you want to read the whole aticle you can find it here

Download Acrylic here