My reality is that for a lot of the web stuff I do, the faster development time that Rails gives me is worth way more than a bit of speed / better use of resources. I don't need a redundant site with 0 downtime, I need to figure out if there's a market for what I'm working on, and/or pivot and add features as I begin to understand things better.
+1 for Chicago Boss, though, it's a solid effort that tries to push Erlang in some interesting directions. I do think I'll be using it for a project soonish, as the specs involve a lot of piping data around, and websockets, stuff that Rails is not as good at.