We present the discovery of IGR J1 8245-2452, the first millisecond pulsar observed to swing between a rotation-powered, radio pulsar state, and an accretion-powered X-ray pulsar state [31]. This transitional source represents the most convincing proof of the evolutionary link shared by accreting neutron stars in low mass X-ray binaries, and radio millisecond pulsars. It demonstrates that swings between these two states take place on the same time-scales of luminosity variations of X-ray transients, and are therefore most easily interpreted in terms of changes in the rate of mass in-flow. While accreting mass, the X-ray emission of IGR J18245-2452 varies dramatically on time-scales ranging from a second to a few hours. We interpret a state characterised by a lower flux and pulsed fraction, and by sudden increases of the hardness of the X-ray emission, in terms of the onset of a magnetospheric centrifugal inhibition of the accretion flow. Prospects of finding new members of the newly established class of transitional pulsars are also briefly discussed.
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