The Microsoft Translator web page widget allows you to bring real-time, in-place translations to your web site. Users can see your pages in their own language, without having to go to a separate translation web site, and share your page with friends in multiple languages.
The Microsoft Translator team announced the widget in March 09 (ref: Announcing the Microsoft Translator web page widget). I had registered and applied for an invitation code which I finally got today :-)
I have added the Translator widget to this blog now – just below the Tag cloud in left column. From the dropdown list, choose a language you want to read my blog post in and hit the arrow icon besides it.
Let me know if you find it useful.
Hey Vedant, I just used it on 2010. It works great. Most important thing is that it translates the whole page including button and header texts. Although, I found it a little slow in SP2010. Probably it has something to do with my environment.