Himalay, you may be interested in
this article by Martin Fowler where he talks about Ruby as compared to Java and .net. Some quotes:
"When I ask the question "do you think you're significantly more productive in Ruby rather than Java/C#", each time I've got a strong 'yes'"
"But overall these experiences, from trusted colleagues mean I'm increasingly positive about using Ruby for serious work where speed, responsiveness, and productivity are important."
And keep in mind, that Fowler wrote this in 2006. He did a followup this year reflecting on Thoughtworks use of Ruby (and RoR). Thoughtworks is a Java, .net, and Ruby shop - and they aggregated 3-4 years worth of data on how Ruby and Rails fit into their organization.
Working within web-development means using many languages and frameworks. One of the best things I did was open the book on Ruby (and Rails), which exposed me to many new (and very useful) paradigms. Even if Ruby isn't your preference, you simply cannot afford to not explore new languages ongoing.
As spoken at a No Fluff Just Stuff (NFJS) conference in Denver: "If you aren't learning an alternative language that runs on the JVM (Ruby, Groovy, Scala, Clojure, etc), your already behind."