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From the MacPorts site:
The MacPorts Project is an open-source community initiative to design an easy-to-use system for compiling, installing, and upgrading either command-line, X11 or Aqua based open-source software on the Mac OS X operating system. To that end we provide the command-line driven MacPorts software package under a BSD License, and through it easy access to thousands of ports that greatly simplify the task of compiling and installing open-source software on your Mac.
Visit the MacPorts Site at http://www.macports.org/ for more info