One major reason is that it allows languages to be mixed and to call
easily from one language to another. Free software dropped the ball
on this (Parrot), and Mono/.Net is the only widely available
implementation of this idea.
It was *marketed* as such, but in fact many different languages have run on the JVM for a long time:
http://www.robert-tolksdorf.de/vmlanguages.html
Some of them date to 1996.
Practically speaking there are many modern languages available such as
Objective Caml: http://ocamljava.x9c.fr/
Ruby: http://jruby.codehaus.org/
Python: http://jython.org/Project/
Scala: http://www.scala-lang.org/
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