The Application can be developed on the IDE that is Graphite, this can be downloaded and installed on your desktop. The alternative option for development is using MIST that can be opened on the Web browser.
Following are the Features supported by the IDE
To download Graphite : http://cdn.icenium.com/live/graphite/publish/setup.exe
For MIST http://app.icenium.com/mist
Soon i will be coming up with the Example of how to develop a simple mobile application using the new framework.