Daniel Poelzleithner has announced to the Linux kernel world his new project named ulatencyd. The focus of ulatencyd is to provide a script-able daemon to dynamically adjust Linux scheduling parameters and other aspects of the Linux kernel.

In his announcement to the Linux kernel mailing list, "It is not ready for a release yet, but it works to a point I started to get satisfied. I'm able to run a make -j 40 on my dual core machine while looking a full hd movie without problems and the ui from kde still feels good :-)"

The ulatencyd project is currently hosted on GitHub. There is also this architecture diagram for those interested in the more technical details of this daemon to tweak the Linux scheduler and other items in real-time.