REAL Software is set to release REALbasic 2005 for Linux within the next week or so. The software promises to do for Linux what Visual Basic does for Windows, and provide a powerful, yet easy-to-use tool like Visual Basic, but for Linux instead.

REALbasic 2005 for Linux enables both desktop and server application development for Linux. In addition, REALbasic 2005 includes a Visual Basic Project Converter that helps migrate existing Visual Basic applications to REALbasic where they can be compiled for Linux. This is a benefit for companies that are looking to migrate to Linux but have legacy Windows-based software that was created with Visual Basic.
Interestingly, the software can also build applications for Windows and Macintosh from the same code base. The Linux Standard Edition will be offered for free on launch, whereas the Professional Edition runs on and creates software for Linux, Windows and Macintosh and includes other advanced features, and will be priced at $399.95 for a time, then at $499.95.