According to .NET Show's Robert Hess; "While it is with a certain amount of sadness that we bring the show to a close, we are pleased to have played a role in spreading news and information about the great platform technologies coming out of Microsoft. Trust me, the decision is not based on any lack of content or slowdown in the advancement of .NET and related technologies, far from it!" 
(Head over to the Net Show blog http://blogs.msdn.com/TheShow/ for the full story.)

Check out the final episode now:

The .NET Show: The Final Episode: Silverlight 
They discuss the overall scope and usage of Silverlight v1.0, and how it provides a cross browser as well as cross platform experience with exciting graphics and media capabilities. Thay also take a look at Silverlight v1.1, and how it will provide the rich programming infrastructure of .NET which will also work cross browser and cross platform.

You may also want to keep an eye on Channel 9... you can never tell who might pop up over there...