Smart Client Applications a new era?????

I am little facinated about MS smart client architecture. It's a real cool idea since it has inherited most of the advantages of both desktop and web application architecture. But again acording to my point of view designning a smart client applications require more effeort but if you have good design on hand it is really a cool process. If this will get developed more efficiently the day we are running a rich GUI applications on distributed architecture is no longer a dream.
 
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