I agree, there is a considerable risk they have traded in a less interesting problem they could solve very well (IDE), for more interesting challenge that they

I agree, there is a considerable risk they have traded in a less interesting problem they could solve very well (IDE), for more interesting challenge that they will end up not getting to market with (programming tools for "the rest of us"). I think this is the nature of VC investment, though. The money is there to chase risky things.