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Thanks to Luis Gonzalez for pointing me to Mark Dofour's ShedSkin project. ShedSkin is a Python to C++ compiler based on Mark's master's thesis work, and was one of the Python Software Foundation's Google Summer of Code projects. It looks like ShedSkin can compile a subset of Python, and runs on Windows, Linux, and OS X. Unfortunately, there are no published benchmarks, so it's hard to get an idea of how much of an improvement ShedSkin actually produces. Mark is looking for additional help, so you should definitely drop by his blog if you are interested.