My BlogPost when VS Code was first announced earlier this year

VS Code is a new type of tool that combines the simplicity of a code editor with what developers need for their core edit-build-debug cycle. Code provides comprehensive editing and debugging support, an extensibility model, and lightweight integration with existing tools. VS Code helps build and debug modern web and cloud applications. Code is free and available on major platforms – Linux, Mac OSX, and Windows.

VS Code is open sourced.

In the earlier versions of VS Code it used to automatically collect crash dumps and send it to microsoft, now we have an option to disable it.

VS Code coupled with TypeScript type definitions gives intellisense for developing in javascript,node.