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Isn't this what Parrot (http://www.parrotcode.org/) set out to do? Any idea how that project is coming along?
He's resting.
Uh, no. It's actively developed (100s of commits per week) and is quite close to a 1.0 release.
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This is neat. A complete Ruby-to-pyc compiler might be a faster implementation of Ruby than the original one.
That _why_the_lucky_ guy sure is a bright one.
Python and Ruby are not so different that I really see the purpose of this. Compiling Python and/or Ruby to the Java or .NET runtime has clear benefits, but what is the benefit of this?
The main benefit, aside from that it's sort of cool, is that you would be able to write for Google App Engine in Ruby. Personally, I think that the similarities between Python and Ruby (particularly their bytecode similarities) makes Ruby the most obvious language to be added to GAE next; but there isn't anything quite as easy as GAE for getting your Ruby app off the ground right now.
why_ is really one of those dudes who needs to be funded by the community to work full-time on his awesome, wild projects. He is le-git.