+1  A: 

Sounds like are looking for a carousel feature for you component. Winforms were not intended to be animated. Fortunately some companies have worked on products that support animaiton in this area but most are moving to the Silverlight and WPF platforms for those updated features. As a reader of MSDN Magazine I often come accross some interesting advertisements of Winform components that are quite interesting. Please take a look at this link. The cost of the product is quite high. If this is not what you're looking for I would appreciate if you don't down vote my suggestion.

Telerik Sample Applications using Carousel feature in Win Forms

gsirianni
the price is a problem..n don worry about me voting down i only have 61 points. Can silver light be embedded into winforms...
Junaid Saeed
Rad controls are exactly what i am looking for...but price :(
Junaid Saeed
Check out the answer to a similar question. He suggests using a reference to your silverlight component via COM.http://stackoverflow.com/questions/851681/host-silverlight-in-the-windows-forms-without-the-webbrowser-control
gsirianni
I was reading some info on WPF the other day and noticed that they have built in animation techniques. If you don't foresee this project dying you might want to consider upgrading to WPF application. Its Microsoft's new direction for windows based applications for the Vista OS and beyond.
gsirianni
A: 

Also check out the following link to MSDN. It explains how you can reference the silverlight component as a COM object.

Using Silverlight in a Windows based application using COM

gsirianni