TNW reports that the Silverlight 5 beta is now live for download.

Inside of Silverlight 5, as per our previous coverage, is:

Hardware Media Decoding
Trickplay – Variable speed playback and pitch correction
Remote Control – A leanback experience for the PC that can use Silverlight as a remote
64-bit Version
IIS Media Services 4.0 for smoother streaming to WP7 and iPad

  Silverlight 5 beta now live for download