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HyperDev is a little different - it has the editor and isn't, or at least won't be, Node.js specific - there will be support for several programming languages.

Could someone please help me understand why I would use Hyperdev over say JSbin or JSfiddle (if I were only using html/javascript/css)?

Also, would Hyperdev be capable of PHP, MySQL?

I think its just node at the moment.

I think the code editor is 'Ace'[1] and that supports lots of languages.

[1] https://ace.c9.io/#nav=about

Because this allows you to run server side code.

Yeah the timing is interesting. Given the close release dates, I don't think there'd have been time for one to inspire the other, yet now we have both. Are there any other services like this? Maybe it's a new trend.

There are indeed. You can build with Nodal [1] and deploy without hesitation to Polybit [2]. :)

[1] https://github.com/keithwhor/nodal

[2] https://polybit.com