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The main design goals behind this project are
The compiler is being developed alongside with an IntelliJ IDEA integration, so the users will get IDE support as soon as they get the compiler (first public version is planned for the end of 2011).
Why yet another language?
Evolution of Java is problematic due to legacy issues (e.g., closures are being postponed over and over again), so the community is looking for more state-of-the-art alternatives.
25th–29th July 2011