Note that this is from Nov 2011. Since then there's been a massive discussion about handling requires in a multi-thread environment. A lot of the problems with autoload comes from the fact that requiring isn't thread-safe, so if that gets fixed (global lock around requiring files) autoload won't be that bad anymore and might live on for another release.
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[ 5.5 ms ] story [ 20.8 ms ] thread[1] http://jira.codehaus.org/browse/JRUBY-3194