Free Sun Java Studio Creator is pretty cool
By Shreedhar Ganapathy on Nov 22, 2005
See it here : Sun Java Studio Creator Flash Demo
Download the product here : Sun Java Studio Creator 2 early access
The interface should be very familiar to VB developers and makes it easy for developers to do their development in Java in a familiar and easy-to-use environment. All the way from development to deployment of web apps and portlets, the platform is very robust as it is based on Netbeans with very good ease-of-use (including drag-and-drop) features. And a very compelling cost : $0
One can rapidly develop and deploy their app to any Java EE compliant appserver including Sun's open source appserver (project Glassfish on java.net).
Check it out.