Project Aims For 5x Increase In Python Performance
cocoanaut writes "A new project launched by Google's Python engineers could make the popular programming language five times faster. The project, which is called Unladen Swallow, seeks to replace the Python interpreter's virtual machine with a new just-in-time (JIT) compilation engine that is built on LLVM. The first milestone release, which was announced at PyCon, already offers a 15-25% performance increase over the standard CPython implementation. The source code is available from the Google Code web site."
The summary misses one of the best bits -- the project will try to get rid of the Global Interpreter Lock that interferes so much with multithreading.
Also, it's based on v2.6, which they are hoping will make 3.x an easy change.
I believe EVE uses Stackless Python. I'm not sure how well these improvements would translate across.