PICAXE C?

Someone once mentioned it is possible to program a PICAXE in C. Is this true? Anyone have any experience with this? This seems odd since I thought all a PICAXE was is a PIC with a BASIC interpreter.

Just curious...

For the record: The Picaxe
For the record: The Picaxe chips are standard chips that can be programmed in standard editors. The only thing making them "Picaxe" is a program in them. What this program does, is that it makes them eat the Picaxe BASIC language the way they do.