I actually caught this on Scoble's blog yesterday went I went their to copy his URL.  I haven't had a chance to play with this yet but it looks like fun.

Microsoft Popfly

"Popfly is the fun, easy way to build and share mashups, gadgets, Web pages, and applications."

Check out the Popfly Screencast for a quick intro.  WOW!

Also, cool default site -

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