It is easier to code when you can identify elements and if there is good indentation. I was helping a friend with Peoplecode and found this great script to enable Peoplecode highlighting in UltraEdit
Go to C:\Program Files\UltraEdit\WORDFILE.TXT OR the file in your Advanced->Configuration
Take a backup of that file for rollback purposes
Add the code in http://www.ultraedit.com/files/wf/peoplecode.uew at the end of the file and save
Paste PeopleSoft code in UltraEdit and then say View->View As->Peoplecode
Once you are done coding – copy back to Application Designer
ejvyas 