It really is. Regrettably, I've drifted away from it in large part because of client requirements for more "modern" and "maintainable" solutions (e.g. Python or Node; I'll take Python every time, thanks). Django comes very close in terms of productivity (and is better in some ways: auth, admin, etc.) but the Rails CLI, generators and community (not sure if this is still relevant) give it the edge.
The "recent" (last 10+ years) movement towards "lightweight" libraries (instead of frameworks) that require you to either reinvent the wheel, copy-and-paste or use some random "getting-started" template every time you start a new project is disheartening. As others have said above, I think it's partially resume-driven-development and people wanting to tinker (both of which I do appreciate).
Something which continues to surprise me is that there hasn't really been a "modern" successor to Rails. Granted, I haven't kept pace with developments in the Node/TypeScript world but, last time I looked, Sails was on the right track but wasn't very actively developed and I was shot down (in favor of Express spaghetti) when I suggested it. There's also a smattering of Rust web frameworks but none that quite fit the bill and come with all of the batteries and opinions included. I keep saying I'm going to do a Summer of Code project which attempts this but ... life.