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Is still Ruby and Rails slow as hell in Windows?

No. The old one-click installer used VS6, and the new one uses MinGW and GCC.

You can always use jruby

ruby startup speed is most annoying on windows. jruby is not a fix for this issue by design.

How long does it take for MRI to startup on windows?

interpreter startup with tiny script is ok but loading unit tests by rake command is slow.