After releasing version 1.0 of Rubinius and JRuby hitting 1.5, I decided to test these great VMs against ruby 1.8.7 and the latest 1.9.2 to see how they perform. This benchmark uses Antonio Cangiano's ruby-benchmark-suite. I've posted part of the results as image, you can find all results as pdf.
Tested versions of ruby, using RVM are:
My software:
My hardware:
My comment: I don't understand how VM works and how they are implemented, but looking at the results I can say that Rubinius and future 1.9.2 show real progress and great perspective.

"Synthetic benchmarks cannot predict how fast your programs will be with one implementation or another. They provide an (entertaining) educated guess, but you shouldn’t draw overly definitive conclusions from them. Furthermore, the Ruby Benchmark Suite has many tests that don’t provide much insight when it comes to comparing implementations. They are there for legacy reasons and will probably be removed in the future. For the time being, take them with a grain of salt."