I think it depends on the size of the team (and related teams) and the sorts of dev cycles you experience. I'd say in my case, including testing and debugging,

I think it depends on the size of the team (and related teams) and the sorts of dev cycles you experience. I'd say in my case, including testing and debugging, I code roughly 50% of the time. That doesn't mean, however, that I spend four hours everyday coding and another four going to meetings, etc, etc. The pattern is often more like: code 85% of the time for several weeks, then drift into a period of considerably less coding as we review releases, work with other teams for product hand-off, offer training, and review bugs and issues.