http://en.wikipedia.org/wiki/Program_counter
http://en.wikipedia.org/wiki/Word_(computer_architecture)
http://en.wikipedia.org/wiki/JMP_(x86_instruction)
http://en.wikipedia.org/wiki/NOP
http://en.wikipedia.org/wiki/Orthogonal#Computer_science
http://en.wikipedia.org/wiki/Address_space
http://en.wikipedia.org/wiki/Memory-mapped_I/O
http://en.wikipedia.org/wiki/Interrupt
And no, don't expect Python anytime soon. Expect a C compiler, FORTH, possibly some sort of Pascal, but a highly dynamic language is unlikely. The system is too resource-constrained to make it practical. A static language that looks kind of like Python isn't out of the question, but it won't do a lot of the things you expect from Python, Ruby, PHP, or Perl.