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Dont you see this as a rival, read their site and they seem to be offering all the same as 3d game studio?
Where are you reading this?
As far as I can see, they are releasing the XNA Framework and Content Pipeline that will work with Visual C# Express.
Right now you can use Visual C# Express with DirectX 9 to create games for free. But, in both these cases, you have to provide your own content creation tools and game engine.
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