Project PyPy is an alternative implementation of Python, with the main advantage being a Just In Time (JIT) compiler which speeds up your code considerably. They've announced the first public release of jitviewer, which is a visualization tool that helps you understand how your code is being compiled by PyPy's JIT, all the way down to assembly. If you just want to see how it looks and play with it, they've set up an online demo — just select a file, and click 'Show Assembler.
Read more: Slashdot
Read more: PyPy Status Blog
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