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Emacs 28.1 [0], recently released, has support for native compilation [1], which greatly speeds up some workflows.

[0] https://www.gnu.org/savannah-checkouts/gnu/emacs/news/NEWS.2...

[1] https://www.masteringemacs.org/article/speed-up-emacs-libjan...

Emacs is quite popular and has some of the most skilled programmers I know using it. I'm really surprised that there hasn't been a neovim-equivalent project for emacs. Or maybe it's out there and I just don't know about it?

Spacemacs had some Neovim-like fame at some point. I don't see it promoted that much anymore.

And to be clear, I don’t know of many 40 year old projects without warts, emacs has done incredibly well

Oh, I completely agree! Emacs is only elegant along some axes, and those two are particular pain points for me, too.