It is even more vaporware than Rite, just 9 days old 
The idea is interesting and seductive; I had been thinking of doing the
same in Ruby since I first saw it in Squeak but I do unfortunately lack
the skills and experience required 
Below is what I found about pypy. It could be fast as they got the guy
who created Psyco to work “on their side”… Now, if only he knew the
power of the Ruby way 
Minimal Python project
holger krekel pyth@trillke.net
Fri, 10 Jan 2003 15:44:19 +0100
* Previous message: SC-Track Roundup 0.5.4 - an issue tracking
* system
* Next message: ReseekFile and MultiDict
* Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]
Minimal Python Discussion, Coding and Sprint
···
On Thu, Feb 20, 2003 at 02:27:39AM +0900, Yukihiro Matsumoto wrote:
Hi,
In message “Re: Rite Status?” > on 03/02/20, Mauricio Fernández batsman.geo@yahoo.com writes:
Well, it is still a goal, but nothing interesting have happened.
According to your presentation “Be minor, be cool” of
Rubyconf.new(2002) (Nov 2002) you had decided by that time the GC
algorithm and the VM design; that is interesting, isn’t it? 
Depends on your view. They are just vague ideas, no running code.
Everybody seems to be moving slowly, though: we haven’t had news from
Parrot or Cardinal for some time now. (Dan Sugalski might have something
to say about the status of the former 
We have our new rival, pypy project.
We announce a mailinglist dedicated to developing
a “Minimal Python” version. Minimal means that
we want to have a very small C-core and as much
as possible (re)implemented in python itself. This
includes (parts of) the VM-Code.
Building on the expected gains in flexibility
we also hope to use distribution techniques such
as PEP302 to ship only a minimal set of modules
and load needed modules on demand.
As Armin Rigo of PSYCO fame takes part in the effort,
we are confident that MinimalPython will eventually
run faster than today’s CPython.
And because Christian Tismer takes part, we are
confident that we will find a radical enough
approach which also fits Stackless 
We are very interested in learning about and
integrating prior art. And in hearing any
doubtful or reinforcing opinions. Expertise
is welcomed in all areas.
So if you have an interest or even code regarding
‘minimal python’ please join the list:
http://codespeak.net/mailman/listinfo/pypy-dev
discussions previously took place on python-de and
in private mails. We will repost some core
ideas (in english) for further discussion.
In a few months we’d like to do a one-week
Sprint in Germany focusing on releasing first
bits of Minimal Python.
best wishes,
Armin Rigo,
Christian Tismer,
Holger Krekel
I’ll be following pypy to see if we can get ideas from there 
–
_ _
__ __ | | ___ _ __ ___ __ _ _ __
'_ \ / | __/ __| '_
_ \ / ` | ’ \
) | (| | |__ \ | | | | | (| | | | |
.__/ _,|_|/| || ||_,|| |_|
Running Debian GNU/Linux Sid (unstable)
batsman dot geo at yahoo dot com
Never make any mistaeks.
– Anonymous, in a mail discussion about to a kernel bug report