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Moravia Microsystems
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Development tools for microprocessors
Development tools for microprocessors

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Version 1.3 is out! With three new features: VHDL wizard helps you automaticaly generate connection of your VHDL implementation and PicoBlaze design and CALL and MEMORY watcher allows you to observe desired memory locations and subprogram details. For more info please visit our website.
http://www.moravia-microsystems.com/mds-features/
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As for recent update (version 1.2) IDE comes with a lot of added content, bug fixes and overall quality improvements. Basic noncommercial license is still free of charge and until 31.1. 2015 the other prices are with 80%+ discounts.
See the atricle Xcell Daily Blog: http://forums.xilinx.com/t5/Xcell-Daily-Blog/Super-low-cost-PicoBlaze-processor-IDE-and-dev-system-now-on/ba-p/556764
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