Borland really wants to help the developer i.e. the home developer with a free IDE. This way people can learn how to use a programming language, such as Delphi or Delphi.NET.
On their site (www.turboexplorer.com) they count down the days until the release of these packages. Only drawback in using this IDE is that you can only have one identity installed at a time.
I’m not sure how it will interact with an installed BDS or Delphi 7. Something to check out soon ;-).