Microsoft has released an early version of Oxite, it's Open-source Content Management App geared towards developers who build large blogs or expansive websites.
A simple blog engine written using ASP.NET MVC, and is designed with two main goals:
<ul>
<li>To provide a sample of ‘core blog functionality' in a reusable fashion. Blogs are simple and well understood by many developers, but the set of basic functions that a blog needs to implement (trackbacks, rss, comments, etc.) are fairly complex. Hopefully this code helps.</li>
<li>To provide a real-world sample written using ASP.NET MVC.</li>
</ul>
The framework offers many features common in blogs, including pingbacks, trackbacks, anonymous or authenticated comments with the option to moderate comments, RSS feeds for any page and a Web administration panel.
One of the key objectives appears to be the ability to add or create new pages with ease. While it could become a competitor down the road for blog engines such as MovableType and WordPress, that doesn't appear to be the focus at the moment.
More info available at the <a href="http://www.codeplex.com/oxite">Microsoft Oxite</a> website.

Microsoft enters the Open-Source Content Management scene with Oxite

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Microsoft has released an early version of Oxite, it's Open-source Content Management App geared towards developers who build large blogs or expansive websites. 
 A simple blog engine written using ASP.NET MVC, and is designed with two main  goals: 
 
To provide a sample of ‘core blog functionality' in a reusable fashion. Blogs are simple and well ...