XamlPadX 4.0
So I finally got a chance to update XamlpadX and heres the new version.
Whats new.
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The UI has been revamped to give the Blend sorta look.
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Menus have been rearranged to maximize the space.
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New addins: Clipboard viewer - which works well for analyzing rtf/xaml ... Path Designer/Jasema (thanks to Marlon)
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Snapshot utility to take snapshots and save the xaml rendering
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Syntax highlighting and collapsing (thanks to the editor control from
SharpDevelop project)
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Error logs - left bottom corner has a link to the stack trace when there is an error
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Error light - editor has a red/green box at the bottom right corner
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Bug fixes/code restructuring

Also, i would like to point out that you could create your own addins and add it to the xamlpadx toolbar at the top.
Download/Install: XamlpadX [On Vista, save to desktop, right click and Run as Admin]
Zipped file in case you have problem downloading the installable:Click here