Convert XML String to Object

Question

I'm getting XML strings over a socket and want to turn them into C# objects.

The messages use the following format:

<msg>
   <id>1</id>
   <action>stop</action>
</msg>

I'm new to.Net and don't know the best way to go about doing this. I've used JAXB for Java before, and I'm not sure if there's anything similar here, or if it's handled differently.