Hello.
So, according to our jit plan we're mostly done with point 1, that is to provide a JIT that compiles python code to assembler in the most horrible manner possible but doesn't break. That meant mostly 4 weeks of glaring at GDB and megabytess of assembler generated by C code generated from python code. The figure of 4 weeks proves that our approach is by far superior to the one of psyco, since Armin says it's "only 4 weeks" :-)
Right now, pypy compiled with JIT can run the whole CPython test suite without crashing, which means we're done with obvious bugs and the only ones waiting for us are really horrible. (Or they really don't exist. At least they should never be about obscure Python corner cases: they can only be in the 10'000 lines of relatively clear code that is our JIT generator.)
But... the fun thing is that we can actually concentrate on optimizations! So the next step is to provide a JIT that is correct *and* actually speeds up python. Stay tuned for more :-)
Cheers,fijal, armin & benjamin
UPDATE: for those of you blessed with no knowledge of C, gdb stands for GNU debugger, a classic debugger for C. (It's also much more powerful than python debugger, pdb, which is kind of surprising).