PyPy 0.6, the first public version of PyPy, was released today.
http://codespeak.net/pypy/
From their announcement:
"PyPy is a MIT-licensed reimplementation of Python written in Python itself. The long term goals are an implementation that is flexible and easy to experiment with and retarget to different platforms (also non-C ones) and such that high performance can be achieved through high-level implementations of dynamic optimisation techniques."
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