What I see is CPU manufacturers eventually making the parrot CPU(or a similar 'big-company clone') hardwired as a real chip.

No way. Parrot does things which simply aren't fesible in a physical CPU, like having a massive number of registers. Even a relatively static VM like the one Java runs on would probably be too dynamic to run in pure hardware easily.

What can be done is optimize a CPU to run for the higher-level VM. There are already chips to run the JVM in exactly that way, and I wouldn't be surprised to see some for the .NET CLR, too.