Whoa, that's a lot of responses!
I think that some of you misunderstood the question. I'm thinking about adjustable voltage and current psu, just like a regular bench power supply, and I don't see how using an IC would lower your BOM or simplify your circuit significantly, as I think most of the troublesome circuitry still needs to be built. I guess it removes the voltage regulation part, but you still need to measure current and handle the limiting, which seem to be the hard thing, right?
Also, I'm not a trained EE, didn't mention that; though I'm not afraid of complicated circuits and actually enjoy reading them and learning different techniques. Sometimes it's hard though, if the intention isn't clear. I looked around quite a bit, but noticed the transistor circuits that were not switchers are pretty scarce. Many of the designs (both simple and complicated) use an IC as the power stage.
The LM395 looks pretty good, I'll bookmark that!