I saw this interesting project that wants to create a python virtual machine to run inside a microcontroller without an underlying OS. This could be the gate to obtain soon a "python" hardware processor. 

More information at: http://code.google.com/p/python-on-a-chip/

-- Manuel Humberto Santander Peláez  |  http://twitter.com/manuelsantander  |  http://manuel.santander.name | msantand at isc dot sans dot org