An IDE from MicrosoftCorporation.
Used to write VisualBasic, C++, C# and J#? applications.
The more expensive editions have VisualSourceSafe integration and MicroSoftDeveloperNetwork support.
It has been said that VisualStudio uses VisualProgramming. This is discussed at some length in the comp.lang.visual FAQ at http://www.faqs.org/faqs/visual-lang/faq/