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Here's how it works: The IDE has a drag and drop design screen for your widgets. It is integrated with a code editor. The code can be in JavaScript or a (large) subset of Visual Basic, which case it is translated to JavaScript.
It creates an HTML page which can be loaded and saved on iPhones, iPads and Android devices. The apps can be saved to the home screen and will run without any internet connection. Apps can be distributed without going through the App Store.
Underlying technologies are HTML5, CSS, and JavaScript. The apps are optimized for WebKit.
All comments are welcome.
Here's the link: http://www.nsbasic.com/blog/?p=187