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In my opinion there was never a reason why JavaScript should be slower than other typical script languages e.g. Python, Perl, Ruby, ... With the newest committment from Abobe to Mozilla we could reach a new level of performance in web applications. 

As news.com reports "Adobe will provide the same software, called the ActionScript Virtual Machine, which it uses to run script code in the Adobe Flash Player 9. This virtual machine is expected to be built into future versions of the Firefox browser by the first half of 2008, said Frank Hecker, the executive director of the Mozilla Foundation."

Via news.com