I am actually going to toss out CodeWarrior and buy MicroSoft Visual C++ 6.0 Standard Edition. Is that the latest version? I found it for $42. Before I buy it, I want to make sure I am getting the right thing. Does it compile DirectX apps? That is my biggest reason for scrapping CodeWarrior.
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Yes you can do compile directX apps with MSVC 6.0 and MSVB 6.0 and you should be able to compile it with Borland if you get the converted DX libraries.
Standard edition does not perform any optimisations, to get them you have to get professional or enterprise editions. It will compile DirectX apps, it is what the SDK examples are compiled on (I think).