Everything is an object in Ruby, including the blocks. I'm not clear how you can't pass around a block -- or is it the block + iterator metadata you're talking about? I suspect that's just an experience problem, where Python promotes iterators over lambdas so lends itself to a different style of programming; I'm not sure how often you'd want/need to pass a full iterator around in Ruby.
Personally I find blocks far more intuitive than Python's iterators and generators, but that is a subjective thing.
WRT Magical Classes, I'm not a fan of everything being stored in a dict. It seems grossly under-engineered to expose the underbelly as a basic "dumb" object; at the very least, it should've been a "Class Metadata" object with attached support methods to make it easier (safer?) to inspect or update.
And lastly: there is NEVER just one way to do it!! Witness the confusion n00b's feel over the join() method: ",".join([LIST]) where the more intuitive would probably be [LIST].join(",")... but if you MUST have join() in the string module, why not support the latter as a redirect to the former?
Seriously: this sort of dogma can make certain kinds of algorithms very messy to code.
However, my biggest beef with Python is that I seem to have to write a metric buttload of boilerplate and end up with something very Java-esque... <sigh>