This was pretty interesting when announced back in 2008, but I thought the project was dead. Are there plans to update it to 1.9? They posted some optimistic benchmarks back then, how do they compare to modern VM competition? I'm interested to know more, but I'd like to see a bit more info and context.
It's built on top of GemStone/S which is an incredibly mature object database/persistance mechanism, while I can not speak for MagLev itself, if the guys at GemStone Inc, now VMware, are prepared to push this out as a v1.0, then I would be willing to bet yes.
Caveat is that while the Ruby implementation on top may not be 100% compatible with standard ruby (again I can't comment) the underlying technology is bulletproof, these guys have been doing object persistance w/ very high tps for 25+ years
This is an exciting technology, and if I worked with ruby at all, I would definitely be checking it out.