Apple's (née NeXt's) IDE for MacOsx. A beautiful, simple IDE without many frills, it has features useful for an IDE: 
-  Built-in text editor (but emacs or vi or BbEdit can also be used).
 -  Uses GCC as its compiler: compiling and linking many modules is very easy.
 -  Support for ObjectiveCee, CeeLanguage, CeePlusPlus, ObjectiveCeePlusPlus, and possibly other languages as well.
 -  Plays nicely, but is not wholly integrated, with InterfaceBuilder. This is a GoodThing.
 -  Graphical interface to GDB for debugging.
 -  Customizable build process: throw in your own build phases, be they file-copying, shell scripts, anything...
 -  Ability to run command-line instructions from any text buffer. (This may be seen as a needless feature, but I'm not sure.)
 -  Excellent interface for editing target, build style, and executable settings.
 
ProjectBuilder is a 
CocoaFramework application, written at 
NeXt long ago.
-- JoeOsborn
Superseded by ExCode in OS X 10.3 (Panther)