Vista introduces XPS

From pcworld.com.

Along with its new look, Vista is introducing a new Microsoft document format, XPS (XML Paper Specification). Documents created with XPS can be shared with people who don’t have the originating application but do have an XPS viewer; Microsoft showed an XPS document being viewed in Internet Explorer. While not nearly as full featured as Adobe’s popular PDF format, XPS is intended primarily to speed up and improve the quality of printing.

So what exaclty is wrong with PDFs?
I reckon “Portable Document Format” inspires a little more confidence than the roll-of-the-tongue-tastic “XML Paper Specification”!

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