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EVM is the Ethereum Virtual Machine, the protected, distributed "sandbox area" (virtual machine) where contract execution occurs, replicated on every node in the network. EVM is also the name of the bytecode that runs on the virtual machine -- what Solidity, Serpent and LL get compiled down to before deployment.
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How does EIP 150 change the call depth attack?
The previous limit has not been removed, it's just become practically unreachable.
With the new rules, the call cannot consume more than 63/64 of the gas of the parent. So if your gas is X, then N C …