Given that it has been postponed a couple of times, no. JITs are hard to pull off and it will probably have a period of worse stability as well before it matures. Another problem is getting a JIT to be faster than the interpreter. Erlang's BEAM is threaded code and also macro-instructions, so it almost looks like a JIT internally.
The big gains would be in inlining across module boundaries and type speculation. But I hold that if we could compile bundles of modules in HiPE, we would have the same gain for a fraction of the development and maintenance effort.
The biggest lure of native code generation would be that we could get rid of a lot of C code in the system as the native cogen would be able to rival the C code in speed. Many Erlang programs spend shockingly little time in the emulator loop, especially if they are communication heavy.
If you need speed today, don't underestimate a port-program. My test is that you can pipeline about a million requests back and forth to an OCaml program per second per core. So if your work is on the order of 1+ milliseconds, this is usually a feasible strategy. Espcially because OS isolation means you can handle exceptions in the OCaml program from the Erlang side by restarting the port.