Ranked in these QuestionsQuestion Ranking
Pro Fast to start up
It starts up fast because is not bloated. It has all the essentials of a text editor.
Free but capable alternative to BBEdit.
Pro Built-in FTP/STFP browser
Edit remote files easily.
Con No Longer Maintained
Bare Bones, the developers of TextWranger, recently ended maintenance and support for the product. Per the Bare Bones website (https://www.barebones.com/products/textwrangler/): "We have sunsetted TextWrangler, and we encourage anyone interested in TextWrangler to download and use BBEdit instead."
Con Not Compatible with macOS High Sierra (10.13+)
Per the Bare Bones website (https://www.barebones.com/support/new-os.html): "TextWrangler is not compatible with High Sierra. We suggest that you use BBEdit as an alternative . . . ." Since Bare Bones officially sunsetted the product, it will unlikely be compatible with subsequent macOS release versions either.