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Red is a compiled Rebol derivative, capable of both low-level systems programming and high-level scripting.
Specs
Specs are quantitative aspects of the option such as the price
Pros
Pro Simple toolchain
Other languages have complex, multi-step setups that beginners often get stuck on. Red has no installer, no setup, no dependencies*, just a single small (~1MB) command-line executable with both the compiler and repl. On Windows, you don't even have to launch executable from the command line--it has a GUI-console.
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Cons
Con Still in beta
It mostly works. It's good enough for building usable applications, but some planned features are missing.
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Comments
Flagged Pros + Cons
Con Not (yet?) Free Software
Rebol 2's core is free (gratis) for commercial use, but the license prohibits modification, a violation of the DFSG. Rebol 3 is Free Software (Apache 2.0), but isn't production ready.