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I would expect such a beast to have the same license as Octave itself. I looked at the Octave option parser, and it looks like this ability isn't in core Octave.
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MATLAB vs Octave are mainly used for the same purpose. The main difference is syntax and other features. Matlab consist of specialized toolboxes which are not part of Octave. They are not fully compatible that is code written in Matlab can crush in octave and vice versa.
MATLAB is probably a lot more powerful than Octave, and the algorithms run faster, but for most applications, Octave is more than adequate and is, in my opinion' an amazing tool that is completely free, where Octave is completely free.
Free Matlab alternative GNU Octave is a free, scientific programming language. It offers a rich mathematical apparatus, concise syntax, and has built-in visualization tools [1]. The whole package is really handy. It has a graphical user interface (GUI) and command-line interface versions.
No. It was still on the project's future feature list as of 09/23/12.
http://wiki.octave.org/Projects
The tenth item under 'Interpreter'.
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