Ugh!
Silverlight 4 "programmatically tied into the computer" - sounds like it'll either be heaving with DRM / WGA, or it'll only run on Win 7 ("We're gonna make you upgrade from XP one way or another...muhahahahaha!") - so anyone using Macs and Linux can forget Silverlight.
Not that anybody worth their while actually uses it (*cough* ITV *cough*), as Adobe's Flash has been around for what seems like forever and is seemingly everywhere.
IE9: Balance between standards compliance and "real world" usage.
Excuse-moi? You can achieve a full "real world" multimedia experience whilst remaining standards compliant. I suppose what they mean by "real world" is "backwards compatibility with all the crud we piled into all previous versions of IE".
Now, choice of icon... Thumbs down, Stop, FAIL, Flame, Grenade, Badgers or Evil Bill? I'll go for FAIL as it's already destined to be one :)