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Interesting exercise, but of little use: this is solving (well, trying to) a political problem with more technology. JVM is already on the table, let's use that.

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A contrarian option might be to target java code for the LLVM... don't know what that would achieve, but it may lead to interesting applications.

There is a project called VMKit which allows one to build a JVM or a CLR using the LLVM framework.

http://vmkit.llvm.org/

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