* Statically allocated ("frozen") core modules for fast imports
* Avoid memory allocation for frames / faster frame creation
* Inlined python functions are called in pure python without needing to jump through C
* Optimizations that take advantage of speculative typing (Reminds me of Javascript JIT compilers -- though according to the FAQ Python isn't JIT yet)
* Smaller memory usage for frames, objects, and exceptions
Dang that certainly does sound like low hanging fruit. There's probably a lot more opportunities left if they want Python to go even faster.