Disclaimer: I'm a Ruby developer.
Making Ruby 3 times faster is not going to save it. It's just way, way behind the raw performance of other programming languages. Also, with the arrival of new, modern programming languages, there isn't that many productivity reasons anymore to justify the poor performance and lack of sane concurrency.
I love Ruby, the programming language, but I kind of start seeing that others haven't been idle and there are some growing ecosystems that can soon leave Ruby behind. It kind of feels like Perl back in the day: it was still a good programming language when it started losing ground.
We, Rubyists, have seen a lot of talented people leave both the Ruby and Rails core teams. You see them go to other, younger communities, making them bloom. In the meantime, the Ruby ecosystem seems stale and lacking fresh ideas.
The other problem is that there is not a single company that will throw as much money as it takes to improve the language, as happens with JavaScript, Python or PHP.
I am not trying to say that Ruby or Rails are a thing of the past and shouldn't be used. They are still great tools and put in the right hands can give your company / project huge productivity and more-than-acceptable performance. But there is a time for everything, and I think that the golden years of Ruby are gone.