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I turned it off on XTR and did not notice any difference (except in Linpack.) I don't use Pandora, I don't play games, so I really don't care if it's on or off. I left it off on XTR, I leave it on in Froyo, and so far, everything is just fine.

i definitely notice a difference on 2.2 roms. Jit takes a few runs of the program to really optimize but it really speeds up apps as you use them more. On 2.1 i found it more of a problem then it was worth.
When I was on White Widow, I turned off JIT because it caused random reboots. I have JIT enabled on KaosFroyo and every thing works great and no random reboots.
JIT really does seem to be more stable on 2.2.
Also, I do not use Pandora, but I'm wondering if it works well with JIT in 2.2 as it does not in 2.1.