On 30th November Microsoft renamed Silverlight 1.1 to Silverlight 2.0

On a separate note this gives a hint on 'coming very soon', because normally a product name is changed when it is very close to getting launched.

Read the full article @
http://bink.nu/news/silverlight-1-1-is-now-silverlight-2-0.aspx or
http://blogs.msdn.com/tims/archive/2007/11/29/silverlight-1-1-is-now-silverlight-2-0.aspx