Dr. Alan Taub is the Vice President for Global Research and Development for GM. He wants to push split cycle engine's into production. There are many companies pursuing this technology one of them is Tour Engine. It has a fascinating concept.
GreenProphet.com has a write up about the inventor Hugo Tour.
Basically one cylinder is cold and is for the intake and compression strokes. The hot cylinder is for the combustion and exhaust cycles. The air is transferred through a direct coupling. I talked with Oded Tour who is CEO of Tour Engine Inc. as is Hugo's son. Here is the first prototype running.