The JIT compiler works pretty well, and with tools like JITWatch, Honest Profiler and the -XX:+LogCompilation -XX:+PrintAssembly options you can understand how the hot paths are running in a lot of detail.
For our current operation, the optimisers' servers run Ubuntu on bare metal in our own data centres. Of course, like in any large organisation we make plenty of use of virtualization and EC2 - just not for our optimisers at this point in time.