Free Microsoft eLearning System

http://www.microsoft.com/learning/tools/lcds/default.mspx

This is a newly released (May 2008 I belive) tool from Microsoft. I haven't worked with it yet, but it sure looks like something to try.

From the website:

"The Learning Content Development System (LCDS) is a free tool that enables you to create high quality, interactive, online courses. Virtually anyone can publish e-learning courses by completing the easy-to-use LCDS forms that seamlessly generate highly customized content, interactivities, quizzes, games, and assessments—as well as Silverlight-based animations, demos, and other multimedia."