I know that ARM actually has some support for Java and SUN obviously, but I haven't really references seen any chip vendor supporting a .Net JIT compiler. I know IBM and Intel both support C compilers, as well as TI and many of the embedded chip vendors. When you think of it, all a JIT compiler is, is the last stages of compilation and optimization which you would think would be a good match for a chip vendor's expertize. Perhaps a standardized Plug In compilation engine for the VM would make sense.
Microsoft is targeting .Net to embedded Windows platforms as well, so they are fair game.
Pete