The new admin would make a return to more classic architecture with some modernizations. Our approach would be ERB views and server-side rendering, with the use of Turbolinks, and a lightweight custom JavaScript binding system. This allowed us to tackle problems of code duplication and developer productivity in a single blow.
As always, the devil is in the details and I'm looking forward to seeing what their JS binding system looks like, but the pendulum appears to be swinging back towards server-side rendering and models, even amongst the cool kids.
I have been working on a small library for doing HTML partial AJAX programming, using fairly straight-forward HTML attributes and traditional server side rendering (plus some goodies like custom HTTP header support, timers, etc.):
I'm using it successfully in a few projects and very much enjoy the simplicity of the whole approach when contrasted with full MVC systems.