A series is a data structure much like a sequence, with similar kinds of operations. The difference is that in many situations, operations on series may be composed functionally and yet execute iteratively, without the need to construct intermediate series values explicitly. In this manner, series provide both the clarity of a functional programming style and the efficiency of an iterative programming style. Series is the culmination of many years of design and use of this approach, during which some 100,000 lines of application code have been written (by about half a dozen people over the course of seven years) using the series facility in nearly all iteration situations. This includes one large system (KBEmacs) of over 40,000 lines of code. In a nutshell: Think "Efficient MAPCAR". SERIES translates functional-style expressions into efficient loops.
Nerd is an attempt to create a cross-platform scripting language that is based on Scheme and easy to embed, extend, and use. It's currently used in video game projects and is interpreted only. There are definite future plans to add a byte-code compiler and VM to it and to write proper documentation.