SQL Azure new user interface - Project Houston
"Project Houston" is the new user interface for SQL Azure. If you have tried SQL Azure you know that the user interface on the web portal is very brief. You can't do almost anything from there (except create new database and setup security). To do anything with your SQL Azure database you need to use the "non-cloud" tools like Management Studio (in SQL Server 2008 R2).
The new user interface is a Silverlight application. It's got a fresh new look:

You can use it to design and edit the contents of your database objects. However it is not the fastest (I managed to hang it when I opened a too large table).
So what is it useful for? I'd say it's useful for situations where you don't have access to Management Studio (or similar tool) or people who'd be scared of Management Studio. I think the idea is good that a cloud database should also have a cloud based user interface, although in most cases it will be more convenient to use the traditional user interfaces.