Just installed 0.10.10 and installed the code shell command:

$ code --help
  File "<string>", line 1
    import os,sys; print os.path.realpath(sys.argv[1])
                          ^
SyntaxError: invalid syntax
/usr/local/bin/code: line 10: ./MacOS/Electron: No such file or directory

VS Code itself works fine if I launch it via Spotlight.

I believe the problem is that I had a Python virtual environment active, and python points to Python 3. If I try code outside of that virtualenv, where python means Python 2, everything works fine.

I guess the options are:

1. Make the launch script Python 2/3 compatible. (Step one would probably be to add from __future__ import print_function and update the print statements accordingly.)
2. Do some extra work to guarantee that you launch the system Python and not the user's configured Python, though this is probably not a viable long-term approach since distributions like Fedora now default to Python 3 and don't even install Python 2 by default.