Well, here's how it started out (originally)
I upgraded to Silverlight 2 Beta 2, discovered the Silverlight content didn't display in Firefox 3 either, and uninstalled.
After that I installed Silverlight 1 again - still no go.
Following your advice, I uninstalled Silverlight 1 - ran the CCleaner registry cleaner, downloaded Silverlight 2 Beta 2, and removed the previous installers on my desktop. Then I installed S2B2, and again - there is a white space where the content should be. Plus, I don't get an option for Silverlight Configuration like I did with S1.
I ran CCleaner - same result.
And now I'm back where I started (though this time I have a beta installed).