Sorry, that was when they offered 1/4 and 1/2 machines (meaning the big 16 core box was shared with 1 other or three other users). I now see that they have discontinued that offering, and only offer a complete whole machine for $62. I used to pay $25 for a 1/4 machine. I forgot that fact. I discontinued my 1/4 machine and bought a full machine a few months ago, but I am paying $62/month now, (I think I don't remember, but I know I'm paying more than I was for the old 1/4 machine).
If $62/month is not in the budget, I'm sure there are other RoR hosting providers that will support 1.9.3 and the latest version of rails for less. I just like Joyent because it's literally my machine, I can do anything I want on it! (Well not anything, there are some crucial system files that you can't edit, even though you are root.) But the freedom and control you have over what you install is pretty handy for me, I do some weird stuff, stuff that cheaper hosting providers wouldn't allow or support.
Joe got a job, on the day shift, at the Utility Muffin Research Kitchen, arrogantly twisting the sterile canvas snout of a fully charged icing anointment utensil.