Actually more than half the team of developers are from hey0.
They helped write code after the initial release though... So that's why it acts the way it does, hey0 wasn't really that smart when he did singlethreading I mean cmon, you can run the server on like 6-cores I'm sure (Atleast..) (That's alot more threads than 1)
So this makes any server basicly run at the speed of a single or dual core.
Ram is just helping it thread faster.
Bukkit has already released API source code and there has been mod's made for bukkit aswell as some ported over. (BEFORE ITS EVEN RELEASED!)
I highly inticipate the new type of server software.
Easily maintainable and easy to configure. Install a mod with a press of a button!
The new API btw, is way way way way way cleaner and easier to work with, from the looks of it.
Took 5hrs after the initial post for iconomy to be ported over.
This will make it easier for me, and yotta since I guess he is gonna help code.

To make the server way better, oh and bukkit less crashes? faster with no lag? based on the amount of cores you have running? This will be better no world saves every 20seconds -.-