Yeah, it is conceptually interesting. I like giving students perspective and in 770 (https://www.cs.cmu.edu/~wasm/cs17-770/fall2025/) I might spend half or less of a lecture on tracing and I don't pull punches on how I think it ends up not really working well in real systems. It's a good opportunity to talk about program behavior and the cost/benefit of speculation.

We spend a lot more time on type feedback, ICs, and deoptimization which are the more universal concepts that can be applied to multiple different compiler designs.