I recently found a nice free editor and was wondering how it compares to themeframe.

here is the link: http://www.lubith.com/a/editor

well after a couple minutes testing it, I am highly unimpressed.
1) won't run in Safari
2) can move menu above image
3) can move sidebar
4) was able to move content off the page and couldn't get it back

that is enough for me, this might be nice for some people, but it is no where near the same category as eithor Atahualpa or ThemeFrame

You really can't compare the two. Lubith is EXTREMELY lacking for any kind of serious development.

Lubith though may be an OK solution for someone setting up a personal blog and wants an easier way to modify the look and feel but why not just use one of the many free themes that are out there?

ok, ok, you convinced me ;-)