Do you remember the old iView Media? This was a professional-level media and photo manager for the Mac and Windows platform that was bought by Microsoft a couple of years ago. This has been integrated in to the Microsoft Expression range of products and has had a few minor visual updates to the user-interface. To me, an old user of iView, it looks worse than the original version. Will be interesting to see how the Mac version stacks up, visually.
Microsoft Expression Media 2 is the first public preview of the forthcoming major revision to their photo and image manager. It ships with a host of new features, including additional support for media formats and more. They've removed the requirement for QuickTime to be installed.
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