It is a good sign when different teams are attempting to solve the same problem.
The Castle Project has its new Generator contrib project. This is an easy to use extensible code template system written in BOO with asp.net style templates. BOO is a hybrid of Python and C# with some ideas from the Ruby world.
Microsoft has the Guidance Toolkit. This allows the Visual Studio IDE to expanded with macros and recepies.
Both of these approaches are attempts to implement Software Factories, allowing developers to raise the abstraction and reuse. This can only be a good thing. Hopefully one or both will survive.
Developer Rants 