Here's what I _guess_ is happening...
Apple has been working with a new compiler technology called LLVM. According to most of the comments I've seen about it, LLVM is "radically better" than gcc when it comes to generating code. However, it still uses the existing gcc "front end" compiler to read the code and parse it, before handing it off to the LLVM system to turn it into source code.
What this means is that LLVM can be used to compile Cocoa, and when you do, it gets much smaller and faster. Like "presto". Of course, you need to make sure the compiler tool-chain actually does what it says, and that takes a lot of hard work and a whole lot of testing. Every time you find a bug in the chain you have to fix it and then re-compile everything and test it all over again. Since it's the compiler it touches every single piece of code on the system, there's no simple way to isolate the changes.
But if you do go through with all the effort, you end up with a platform that works better. Everything works better. But it takes a lot of time to make sure you get it right, especially with a project like LLVM that hasn't seen the same sort of wide-scale use (and thus testing) that GCC has. Maybe it will take an entire year to get it right...
Combine that with general tweaks and cleanup, zfs and a new QuickTime and you've got one hell of an OS. I don't know about you, but for me the number one feature of an OS is stability, followed closely by performance. Everything else I can do with 3rd party applications (assuming they exist and work well, so no, I don't run Linux). If Snow Leopard is significantly better in these regards and I can boot off of zfs, I'll be lined up to buy it, and I would recommend the same to anyone.
Maury