It's called Psyco, it produces faster code. You got to recompile files
every time you change the source though: it's not human readable anymore
:)
http://psyco.sourceforge.net/
It's not at the level of C bytecode at all, but it's quite smart =)
About hiding directories in the way I suggested, we could provide an
indexing service, a kind of "locate" service in the user space, but it's
a lot of work to make it good, so we can surely wait, for that :)
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