Stelios Xanthakis has released version 0.5 of pyc

Stelios Xanthakis has released version 0.5 of pyc, which compiles Python source code to Python bytecode.Since it is written entirely in Python, it is easy to modify and add new features to the Python programming language.

One good reason to use pyc is the advanced optimizations it performs which result in better bytecode.
Since it’s written in python you can easilly hack it and test experimental features, add macros to the language, make it parse a non-whitespace sensitive language that still produces python bytecode, research new OPcodes, new optimizations, make assignments expressions, implement the ?: operator and anything else.
Reference:
>> pyc
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