If this is indeed the work of Flexycore, there are some explanations here, although they don't go into a lot of details either:
https://www.youtube.com/watch?v=tEAz9fRoDmA&list=UUowARqiVYk...
https://www.youtube.com/watch?v=tEAz9fRoDmA&list=UUowARqiVYk...
Potential improvements in the VM need to show they don't give up in other performance dimensions what they gain in JIT'ed code performance.
IMHO this will be absolutely compensated for by being able to switch into a low-power state earlier.
Dalvik's JIT is designed unlike other JITs: It is designed to JIT compile less code, but to find the code that has the highest impact. Dalvik's bytecode interpreter already gains what Google has claimed is a 2X improvement over interpreted Java bytecode. Before Android 2.3, that's how Android ran code.