In the past, the Microsoft Active Scripting architecture has allowed you to make your applications extensible. But it came with some drawbacks. You couldn't call into DLLs; you had to use COM interfaces. The scripts were not compiled, so they ran more slowly than they otherwise might, and a number of objects had to ride along with the script. To solve these problems and make extensibility easier to attain, Visual Studio for Applications was introduced. Presented here is an introduction to VSA that covers language support, types, events, and much more.
MSDN Magazine August 2002
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