Head on over to Michael Swanson's blog to check out the new contest:
...build a freely-available tool that converts from an existing 2D or 3D graphics format to WPF/XAML. You'll have until Friday, October 27th, 2006 to build and submit your application for consideration. Each of three winners will receive a decked-out Dell XPS M1710 laptop.
Now, go forth and code.