To give you a fuller picture, the previous methods of working with cells within a range use a shorthand notation. All ranges have an "Item" property that allows you to reference an individual cell. Since "Item" is the default property, it is not necessary to actually write it out. For example, the following are identical:
Range("a1..b5")(1, 1).Value
Range("a1..b5").Item(1, 1).Value
and if you happened to start a selection on a1 then these are identical with each other as well as the above:
Selection(i).Value
Selection.Item(i).Value