Caching capabilities have been available in Windows Azure for a while now, at least for use in cloud services. With the latest improvements to Windows Azure caching is now its own service. Now you can use distributed caching with all your Windows Azure applications, whether your application is a Web Sites, VM, Cloud Service or Mobile Service. Another great thing about the caching improvements, is that they come with an ASP.NET session state provider. You will now be able to easily bring those legacy apps to the cloud that rely heavily on session state.
If you’re interested in finding out more about how to use the new caching features check out Scott Guthrie’s post.
By the way, if you need a Windows Azure subscription, here is the link for a free trial.