Objective-C – Is It an Interpreted or Compiled Language?

It's worth noting that languages are not interpreted or compiled, but rather language implementations either interpret or compile code. You noted that Ruby is an "interpreted language", but you can compile Ruby à la MacRuby, so it's not always an interpreted language.

Pretty much every Python implementation consists of an interpreter (rather than a compiler). The .pyc files you see are byte code for the Python virtual machine (similar to Java's .class files). They are not the same as the machine code generated by a C compiler for a native machine architecture. Some Python implementations, however, do consist of a just-in-time compiler that will compile Python byte code into native machine code.

(I say "pretty much every" because I don't know of any native machine compilers for Python, but I don't want to claim that none exist anywhere.)

It's important to remember that interpreting and compiling are not just alternatives to each other. In the end, any program that you write (including one compiled to machine code) gets interpreted. Interpreting code simply means taking a set of instructions and returning an answer.

Compiling, on the other hand, means converting a program in one language to another language. Usually it is assumed that when compilation takes place, the code is compiled to a "lower-level" language (eg. machine code, some kind of VM bytecode, etc.). This compiled code is still interpreted later on.

With regards to your question of whether there is a useful distinction between interpreted and compiled languages, my personal opinion is that everyone should have a basic understanding of what is happening to the code they write during interpretation. So, if their code is being JIT compiled, or bytecode-cached, etc., the programmer should at least have a basic understanding of what that means.