Although Ruby's "modules" are indeed preferable to inheritance they are usually as inappropriate as inheritance.
To my experience, object composition solves most of the design issues in a more elegant way. And I wonder why this is still so less understood by most programmers. It isn't even particularly new. Even the good old GoF patterns recommend object composition over inheritance, especially in their Smalltalk examples.
(In their book, they demonstrate each pattern in a static (C++) and a dynamic (Smalltalk) language, so Ruby programmers should have a deeper look at the Smalltalk part of the book, rather than imitating the C++ variants of the patterns.)