To be honest I've not used jruby. It would be interesting to see how it compares to implementations PHP on the JVM such as IBM's WebSphere sMash, and Caucho's Quercus. Do you have any views on the performance of jruby vs hiphop'd PHP?
Hiphop doesn't really compete in the same space, as it only converts a subset of PHP into C++, and has very limited support for various PHP modules. I don't think any of the common PHP apps like wordpress, joomla, etc work under hiphop. Stuff like Quercus is the jruby of PHP, being an actual implementation of PHP rather than a source -> source translator. But I haven't seen any benchmarks showing it actually beating regular PHP. It does have a much better security record than the official PHP though, and is probably a worthwhile project on that grounds alone.