Project Description
Carousel is a very hot effect among Flash and Silverlight. Although there are many readily available Carousel Class on the web, you may still want to explore the Mathematics behind. That is! Here is an example for your reference.
Image can be dynamically added. The controls is highly configurable with various parameters.

View in action:
3D Image Carousel
More Information
You can read
Terence Tsang blog about the project and how it started.
Original Blog Post:
Flash vs Silverlight: Image Carousel