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See Julia (http://julialang.org) for an example of a dynamic language that uses LLVM rather successfully (IMO).

I'm not familiar with how Julia uses it, but I've worked on two different projects that tried to use LLVM as a JIT backend, I've written a small bit on the experience: http://www.quora.com/LLVM/Is-LLVM-not-good-for-interpreted-l...