18. A translator/interpreter apparatus for use in a computing environment having a target processor and a memory coupled to the target processor for either translating or interpreting program code from an instruction set of a subject processor, said translator/interpreter apparatus comprising: a decoding mechanism configured to decode said program code; an interpreter incapable of interpreting a subset of instructions from the instruction set of the subject processor, and comprising an interpreter mechanism, wherein the interpreter mechanism is configured to apply an interpreting algorithm to identify whether said decoded program code contains only instructions from the subset of instructions which the interpreter is capable of interpreting, and, if said program code contains only such instructions, interpreting the program code using the interpreter; and a translator mechanism configured to translate said decoded program code using a translator for non-interpretable subset of instructions when said program code is not interpreted.
18. A translator/interpreter apparatus for use in a computing environment having a target processor and a memory coupled to the target processor for either translating or interpreting program code from an instruction set of a subject processor, said translator/interpreter apparatus comprising: a decoding mechanism configured to decode said program code; an interpreter incapable of interpreting a subset of instructions from the instruction set of the subject processor, and comprising an interpreter mechanism, wherein the interpreter mechanism is configured to apply an interpreting algorithm to identify whether said decoded program code contains only instructions from the subset of instructions which the interpreter is capable of interpreting, and, if said program code contains only such instructions, interpreting the program code using the interpreter; and a translator mechanism configured to translate said decoded program code using a translator for non-interpretable subset of instructions when said program code is not interpreted. 25. The translator/interpreter apparatus of claim 18 , wherein the interpreter mechanism is further configured to determine whether an execution count of the program code is below a translation threshold, wherein the program code is translated by the translator mechanism if the execution count of the program code is greater than or equal to the translation threshold.