What does this have to do with developing for iPhone and iPad? The answer is simple -- the company is stretching the development environment to the mobile computing market with a new product, currently in pre-alpha, called revMobile. For developers who want to market their products to the widest possible range of mobile devices, revMobile not only supports the iPhone and iPad world, but Nokia's Maemo platform and Windows Mobile 7 as well. Since apps can also run on Mac OS X, Windows, and Linux, this represents a very robust development environment. The video at the top of this post shows a simple game being conceptualized, designed, and written in a little over 3 hours.
RunRev has always been compiled at runtime, but for the purposes of getting RunRev apps into the App Store, revMobile apps are going to be compiled at build time so that a single executable is available for submission. You can find out more about revMobile, including pricing and availability, at the RunRev website.