However, I personally am FAR more excited about something like http://opalrb.org which essentially provides a Ruby runtime in JS and lets you run complex code with real Ruby syntax and runtime library features.
I have been extensively testing Opal with just about everything I can throw at it and am constantly blown away by just how much it feels like I'm really running Ruby code client-side. Incredibly powerful stuff that would be a PITA to write in Javascript is a breeze with Opal. Browser compatibility doesn't seem to be an issue (IE 8, older Android, etc. all working).
Sorry, I know I sound like a fanboy now, and I swear I have no connection to the Opal devs (didn't even know about the project until last week), but since I've really really wanted for some time now to skip the "CoffeeScript" phase altogether and wait until I can write genuine Ruby front-end code that compiles to JS, I am super excited.
Good luck to RedScript though, that's also an interested project and, again, might appeal to people (not me) who want something extremely lightweight.