MDE can take the form of OMG's Model Driven Architecture (MDA) using UML profiles or domain-specific languages (DSLs) with custom meta-models and notations. MDA is more generally applicable but also heavier weight and tool-dependent, while DSLs are lighter weight but have higher initial costs to develop the language environment. Both approaches have strengths when the right tooling is developed, such as reduced development time and higher quality, but challenges remain in reducing costs, improving flexibility and applicability to different scenarios.