Microsoft have entered the e-Learning creation arena.
The LCDS will offer:
What does the LCDS offer?
With the LCDS, you can: 
Develop and deliver content quickly, while it is timely and relevant.
Distribute your content via the Web or in a learning management system.
Deliver Web content that conforms to Sharable Content Object Reference Model (SCORM) 1.2, and which can be hosted in a learning management system.
Upload or attach your existing content. (LCDS supports multiple file formats.)
Choose from a wide variety of forms for authoring rich e-learning content.
Develop your course structure and easily rearrange it at any time.
First impressions are that it is not very useful – the format is rigidly enforced and it is missing a lot of the hand holding features that we have come to expect from Microsoft products. That said, in time it could be a very useful tool.