Care to remind me which
serious web facing business
you operate ?
Rails is awesome, deal with it.
I don't operate a serious web facing business. Actually most successful webshops start designing their custom code as they grow.
facebook.com operated on php/js/mysql LAMP stack until it grew into the multi-million users mark. I believe their back end is now C++, Java, Python, and Erlang.
Mt. Gox does pretty well on php/mysql
There are dozens of other examples.
I just don't know Rails. Here is someone's list of top 50 rails sites.
http://goo.gl/ekrGASeems a little light on financial service site.
But like I said, It not the language as much as it is the dev's knowledge of that language.
So to each his own.