Opera releases new JavaScript engine named Carakan
my.opera.com
my.opera.com
Its great the opera mini gave my old cell phone a feel of a smart phone. And opera mobile supports flash.
Opera writing their own next-generation js engine smells a little bit too much like not-invented here syndrome. Considering how small their market share is, it seems like this money could be much better spent elsewhere.
I personally like that they are creating a new implementation. I suppose that understanding the code and having full control over its direction is a big thing for them.
Side note: I think people said the same thing about Google developing v8. After a few months, people will accept the new engine (if it works) and it will go on to the next engine.
This seems to be a new, popular approach to JS optimalization. For an open-source implementation it's a reasonable approach, but for a proprietary system it usually just delays builds for new architectures.