A developer behind Gambas is a Phoronix fan and recently pointed out his project that goes by the tag line "Gambas Almost Means BASIC!" The premise behind the project is to have a graphical development environment based on BASIC that's almost as eays to use as Microsoft's Visual Basic. However, Gambas isn't trying to achieve any Visual Basic re-implementation or compatibility: it's just comparing itself to VB in terms of ease of use, etc.
The developer behind Gambas was inspired by Visual Basic's ease-of-use, the development environment, and the low barrier of entry to getting involved with VB application development. Gambas is made up of its own compiler, interpreter, archiver, a GUI component, and the development environment. The Gambas development environment is self-hosted in Gambas. Gambas SourceForge project page.