I am fairly certain the technology to do this is in Silverlight 3 as well. I am not saying it would be easy however. The way the numbers scroll inside the rectangle for one...
If you are serious about making something like this you would need to understand -visual state managers in silverlight -storyboards in silverlight -maybe pixel shaders in silverlight 3 to do that halo around the rectangle on mouseover -canvas and clipping to do the rolling dates/months/days?
Interested to see what others think.