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While I had heard of ChomeEffects(never heard it referred to as ChomeFX), I have never heard of Liquid Motion or Vizact. But after looking into both, it is quite obvious there are several distinctions to be made between their collapse and Silverlight.

Those two never had much support or adoption. Silverlight is doing quite well in both of those areas.

Silverlight already has a nice enough following for developers to support it, and since version 3, it has near feature parity with Flash and some advantages(one being C# is better than ActionScript 3). The only negative that is usually brought against it, is that Flash is almost ubiquitous, why use Silverlight. This is why my company decided on Flex.