I've been with DreamHost for about 6 months now. I host about 20 sites there. I haven't launched a Cake site yet, but will soon. I do have other dynamic sites though. I would say that so far my experience with Dreamhost has been pretty good. Performance is a little better than my previous experience on another shared host; uptime and support are both better than my previous host. I have no experience with Rails at any host.
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