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Thanks, this is something we're definitely working on.

To just get an idea of the problems Vagrant solves, I recommend the "Why Vagrant?" page: http://vagrantup.com/docs/getting-started/why.html

"You clone your code repository with 'hg clone'. Now you can clone your development environment with 'vagrant up'."

(Do I have the right idea?)

You have the right idea. =]

You use 'principals' on this page when you should use 'principles'.

Thanks, updated the page.