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Re:Microsoft Launches Visual Studio Code, a Free Cross-Platf... by UK-AL on Wednesday April 29, 2015 @02:59PM (#9460821)
Visual Studio Online is basically TFS online. Think github + CI + Kanban board + Issue tracking online.
Re:Microsoft Launches Visual Studio Code, a Free Cross-Platf... by frik on Wednesday April 29, 2015 @03:14PM (#9460931)
It's more than that. Scroll half way down on my link above, check out the screenshots and video.

Visual Studio Code is more like an offline version of Visual Studio Online (the editor part), 2 years later.

Re:Microsoft Launches Visual Studio Code, a Free Cross-Platf... by UK-AL on Wednesday April 29, 2015 @03:17PM (#9460967)
The editor is a tiny tiny tiny tiny part of VS Online.
Re:Microsoft Launches Visual Studio Code, a Free Cross-Platf... by frik on Wednesday April 29, 2015 @03:25PM (#9461028)
And exactly that "not so tiny" editor is the big part of Visual Studio Code. And it is not trivial at all - it's a very complex component to get right. The editor component comes from Switzerland and is called "monaco" and one of the main reasons why the "TypeScript" language exists and why ES6 looks as it looks today.