(Semi-funny anecdote: when I switched to the Mac around 1999 or so, I emailed Allaire--this was before Macromedia bought them--and asked if there would ever be a Mac version. They wrote back nicely enough to explain that they really couldn't do one because it was written in Delphi, which had no Mac version, but that I should consider looking into BBEdit. I still use BBEdit regularly to this day.)
If you think it's crazy to run a whole VM to edit text files, consider that as it uses half a gig of memory, can load from cold to an editable window in a few seconds, and the UI is hilariously snappy, running an XP VM is competitive with running Eclipse. And that is saying something.
Much like George R.R. Martin who still uses WordStar for DOS, it's just the consequence of what we're comfortable with—and who cares what tools you use as long as the output isn't compromised.
PageMill is a contender too, from 1995. Dreamweaver in 1997. I remember using both of those in one of my first jobs.
The issue is the competition is a bunch of free Github project templates, and that git workflows are standardized now. (Plus I've been using Macs since the cro magnon era and VS Code works great for me despite not being "native"). So I'm interested what they come up with but I'm suspecting it will target a very specific workflow & type of customer.
Even so, as much as I like Panic, I don't know if I'd quite support that claim. Dreamweaver did a lot of those things sans the terminal, even if it did a lot of them less elegantly. (And I'm sure someone will explain how Emacs could technically have done all this since 1953 or whatever. I kid, I kid!)
Having said that, I'm still interested in seeing what they manage to come up with. I admire their products even when I don't regularly use them. (This includes Coda.)