I was recently introduced to text mate and I admit it is a decent editor with color coding and ability to accommodate different languages (PHP, HTML, Java, C++, etc) but the single most important time saver for me is code completion. I don’t believe textmate has any plugin that can do code completion like Xcode for Objective-C or Eclipse for Java can, which dramatically speeds up productivity. So why is textmate so popular?
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Because it can open a text file a lot faster than a full blown IDE. That’s why I use programmer’s notepad (I’m on Windows) when I just want to quickly edit a file