The last time I noticed Matt Might's name, it was as a grad student advisee to Olin Shivers-- last surviving keeper of the CPS flame!-- writing a hairy dissertation on control-flow analysis in higher-order programs. So at some level, it amuses to see that this particular didactic-purposes toy compiler does /not/ transform its source into CPS or any variant, and does /not/ perform any control-flow analysis.
;; The purpose of this compiler is to demonstrate
;; the most direct possible mapping of Scheme into C.
;; Toward that end, the compiler uses only two
;; intermediate transformations: mutable-variable
;; elimination and closure-conversion.
Having taken a class from Might in the Spring (not this one, but Programming Language Analysis), I can assure you that he is still very much interested in those topics. I can't really speak to this particular class, however.