Microsoft has started offering upto 4Gb of online storage space for hosting and streaming Silverlight videos (alternative for Adobe’s Flash) through Windows Live. The service offers web designers and developers a free and convenient solution for hosting and streaming cross-platform, cross-browser media experiences and rich interactive applications that run on Windows™ and Mac. You can access Microsoft Silverlight Streaming by Windows Live at silverlight.live.com.
Meanwhile, Adobe Flash enthusiasts can get free access to Flash Media Server hosting through ApolloApps. ApolloApps is not in anyway affiliated to Adobe but offers free hosting, POP3 and FTP account to host Flash based audio, video and applications.