Yes, VSCode has something similar, I believe. But Emacs had it before VSCode existed ;-)
I did not get IDEmacs ( https://codeberg.org/IDEmacs/IDEmacs ) to work but it basically it's an editor I would use.
For now fresh ( https://github.com/sinelaw/fresh/tree/master ) seems to be very promising.
Anyway I traded very happily the command palette Ctrl-Shift-P in Sublime for M-x and few other cool things.
Emacs will always have all my respect because of the concepts it introduced.
Stuff like terminal panes in code editors again have been a thing for a long time in Emacs though now they're better out of the box in VS Code or Zed.
There's lots of LLM and recently agentic stuff in Emacs but it's not as good unless you spend time to configure it for your own workflow. Think mass-market versus artisanal.
I don't mention these to simply draw parallels but to contextualize the fact that lots of people using Emacs will go "Yeah, we have had that for a long time!" while also having a blindspot regarding how well the "new stuff" is integrated together for mass-appeal in something like a Jetbrains IDE. See magit which is amazing for advanced stuff that's complicated to do through the git CLI yet the most common git operations are usually better presented in something like Zed for example.
Though this sounds like a rant, it's not really meant as one. I'm a happy Emacs user but sometimes I like to branch out and see the UX improvements I'm sometimes missing out on. On that note I'd love Obsidian but with org-mode instead of markdown (though these days I'd settle for djot too).