We describe a major paradygm shift in in the approach to the production of synchrotron radiation This change will considerably improve the scientific capabilities of synchrotron light sources. We introduce plans for an upgrade of the National Synchrotron Light Source (NSLS). This upgrade will be based on the Photoinjected Energy Recovering Linac (PERL). This machine emerges from the union of two technologies, the laser-photocathode RF gun (photoinjector) and superconducting linear accelerators with beam energy recovery (Energy Recovering Linac). The upgrade will bring the NSLS users many new insertion device beam lines, brightness greater than 3rd generation lightsource's and ultra-short pulse capabilities, not possible with storage ring light sources.