GNU Emacs 24.4 Released Today
New submitter Shade writes Well over one and a half years in the works, the latest and greatest release of GNU Emacs was made officially available today. Highlights of this release include a built-in web browser, improved multi-monitor and fullscreen support, "electric" indentation enabled by default, support for saving and restoring the state of frames and windows, pixel-based resizing for frames and windows, support for digitally signed ELisp packages, support for menus in text terminals, and much more. Read the official announcement and the full list of changes for more information.
You make the mistake of thinking that emacs is a text editor. Emacs is an extensible framework, a display system with lots of scripting code underneath. In the early days it was basically just a text editor plus shell interface, but that quickly grew and the program became more flexible.
This is just like web browsers, which are basically just display systems designed to handle an arbitrary set of layouts that are given to it. In the early days they basically just gave you a list of scientific articles from the net and then would kick off an ftp program to fetch them for you, but today they can show video and let you do banking and so forth.