My text editor of choice for PHP work is Panic's Coda. But for Ruby on Rails, its autocomplete feature is continuously in my way and ROR's standardization on 2 space tabs does not play well with Coda's settings. I've been going back to TextMate for ROR work, but was wondering if there were better options.
If you think it's worth to give it a try, in my opinion TextMate is the best but it's not free.
The integrated boundles work very well for Ruby and Ruby On Rails.
There are also boundles for Subversion/Git/etc. which can be very usefull in development.
I say RubyMine, great!
This is old, but here's a couple more options that are (currently) free and nice:
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