Memory model looks C-ish, there are pro's and con's to it. Guess it works for the niche that language aims for.
What I think could be done better: compiler infrastructure / FFI. In this day and world interoperability with other languages is a must, and there is usually a need to provide standalone and embeddedable implementations of a language. IMHO would be great if Myrddin just compiled to C (like Chicken Scheme), that would broaden possibilities to use Myrddin as script language, or just use it side-by-side with C/C++. It can be done with the current Myrddin compiler implementation, but overhead of maintaining whole separate compiler/toolchain might be too big to enable wider adoption.
---
Edit: I was wrong, all functions are lambdas! Which is really great.