I just recently made my first mod (which I will upload next weekend) using the Microsoft Visual Studio. I found that it was great for the XML frame building. I was able to make my frame look exactly how I wanted quickly. After I got my frame together it bugged out on me. (I later figured out that it had put an offset on my main frame of like -1000,1000.
Other than that, it worked great. The coloring of the Lua was good, but I ended up testing the majority of my code in WowLua ingame.
As far as designing the XML frames, I am not sure with my limited knowledge of XML it would have been possible for me to complete my addon as fast as i did without the graphical interface.
(sorry for the wall of text)
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