<p>I have many items inside a list control. I want each item to have a different item template depending on the type of the item. So the first item in the list is a ObjectA type and so I want it to be rendered with ItemTemplateA. Second item is a ObjectB type and so I want it to have ItemTemplateB for rendering. At the moment I can only use the ItemTemplate setting to define one template for them all. Any way to achieve this?</p>

Have a look at the
ItemTemplateSelector
property of your list control. You can point it to a custom TemplateSelector and decide which template to use in code.
Here's a blog post describing TemplateSelectors:
http://blogs.interknowlogy.com/johnbowen/archive/2007/06/21/20463.aspx
Edit: Here's a better post:
http://blog.paranoidferret.com/index.php/2008/07/16/wpf-tutorial-how-to-use-a-datatemplateselector/