Re. EventMachine: As I understood DHH's speech, the idea is that ActionCable abstracts all the messiness around EventMachine, Websockets, Rack and threads. We won't know until some ActionCable code is released but it sure didn't look complicated.
It does seem odd that -api takes years to get in, but ActionCable gets a go-straight-to-core pass without any community review first. It certainly seems like a weakness in the process, which should be addressed, although I'd agree with the eventual result & priorities. -api probably isn't something I'd ever use: even if I eventually created an API-only app, I'd probably have started from a regular Rails app and gradually optimised things out.
Edited to add: I'm actually quite bullish on TurboLinks 3 if it can help me to avoid ever having to write a Javascript MVC app again. It's not so much that these apps are hard to write, it's that they're freaking hard to debug, particularly in the hands of users.