A Simple Yet Powerful PHP Template Engine

This is not yet another regular expression replacement template engine. The template engine uses PHP itself to render the template. The template itself is very intuitive to people who are already familiar with PHP. There is no extra learning for additional syntax - the template code itself is just plain PHP code. Though I haven't done any benchmark, from my past experience of using it, it is pretty fast - consider that it consists of less than 100 lines of code. Thinking of using Smarty?
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