Take Control of Windows PowerShell - Nice PowerShell GUI

Here's a article from the January issue of TechNet Magazine...
PowerGUI
powergui.org
If you haven't started using Windows PowerShellTM yet, you most likely will be using it soon. Windows PowerShell is becoming a core administrative tool in the world of Windows Server®. For starters, it has become the basis for script-based management of Exchange Server 2007.

To get the most out of Windows PowerShell in its native format, you need to memorize a fair amount of syntax, cmdlets, and general structure. Of course, you may not have the time (or mental energy) to dedicate to this. But what if you had a centralized graphical administrative console for managing your scripts? A user interface that would give you customizable templates, IntelliSense®-like editing features, and a script-sharing community base? With this sort of environment, you would be able to quickly script the tasks you need and always know where they are located for future reuse and reference.

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It has now been officially released - http://blogs.msdn.com/powershell/archive/2008/02/29/powergui-now-officially-released.aspx