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Psyco showed that it is possible to execute Python code at speeds approaching that of fully compiled languages, by "specialization".
The project is now dead and replaced by PyPy: http://pypy.org/
A script(ing/ed/able) optimizing compiler for the C and Objective-C languages (and in the future other languages such as C++, D and Java). Written in a scripting language to allow for experimentation with code generation and optimization techniques.
The Markovski project implements an interpreter/compiler for a language named Markovski, used to write Markov algorithms (see http://en.wikipedia.org/wiki/Markov_algorithm).
a delegate compiler and a numerical scripting language (like syscalls). the compiler is done in concept but the backend is still in the brainstorming phase.
boo is a new object oriented statically typed programming language for the CLI (common language infrastructure) with a python inspired syntax and a special focus on language and compiler extensibility.