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I'm looking for an IDE for Powershell. Can the IDE in Visual Studio handle PowerShell?
Visual Studio isn't an IDE for Powershell unfortunately. It will help you create cmdlets using c# etc but not powershell scritps.
I highly recommend looking into some of the community created IDEs:
Powershell Analyzer: http://www.powershell.com/analyzer/
PowershellPlus: http://www.powershellplus.com
PowerGui: http://www.powergui.org/index.jspa
If your looking for an editor that will create template winforms powershell code theres also the Admin Script Editor. http://www.adminscripteditor.com/editor/sfd/
as another alternative but this isnt free...