Does PyV8 compile the Python code inside the JS context?

[Demolishun]

I was reading this blog/article:
http://www.advogato.org/article/985.html

Trying to make heads or tales if this relates at to the state of the current PyV8.  I decided it must not be part of the official PyV8, but it was still nagging me. 

So if it does not already do this can PyV8 be made to compile the Python code inside the PyV8 Javascript context itself? 

Obviously you may have to restrict the Python used with the context to a subset like PyPy does and it could be made to be a function by function basis. 

Furthermore is it possible to allow the context to be aware of Python library calls written in C? 

That way it would be possible for the Javascript context to make Python calls directly to C libraries at compiled speeds.  This could be a powerful combination for lxml, numpy, or game engines.

Anyway, my name is Frank.  Glad to meet you all.