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Default The end of VBA?

I read somewhere, very recently, that MS is phasing out VBA in favor
of ... what? VB.NET? Visual Studio .NET? The article I read seemed
to imply that all existing code (i.e., your entire life's work) was in
jeopardy. Hmmm.... All breathe deeply now....

Can anybody clarify this rumor, and confirm or deny? And if there is
a looming Next Big Thing, what is new about it besides the name?

Thanks.

--Erv
 
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