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Initially looks to be a big step in the right direction.
edit to fix an error
[edited by: Drag_Racer at 5:41 am (utc) on Mar. 20, 2009]
The above URL states
... TraceMonkey work will be available for testing in the next alpha release of Fennec (the code name for Firefox Mobile) by enabling a configuration setting ...
FYI... don't look for it to run initially after install, turn it on in the alpha release to use it.