I would surprised to see performance as good as V8, although that would be great. As I recall the v8 team performed exceptionally well in a corporate environment that badly wanted js performance to improve, and maybe inherited some Hotspot people at the right time.
I'd be quite delighted to see, say, 2x Python performance vs. 3.12. The JIT work has potential, but thus far little has come of it, but in fairness it's still the early days for the JIT. The funding is tiny compared to V8. I'm surprised someone at Google, OpenAI et al isn't sending a little more money that way. Talk about shared infrastructure!