RailsInstaller is a new project from Wayne E Seguin (of RVM fame) that brings RubyInstaller-style simplicity to getting Ruby and Rails set up on Microsoft Windows (XP, Vista, or 7). In a single wizard-driven installation you get Ruby 1.8.7-p330 (with DevKit), Rails 3.0.3, Git, and SQLite 3.
Rails Installer was developed with help from Luis Lavena (a Ruby on Windows expert) and Dr. Nic Williams (Engine Yard’s resident Australian comedian) and its release comes just weeks after Wayne was (re)hired by Engine Yard to work on new open source initiatives.
To get started, go to railsinstaller.org, download the “Rails Welcome Kit” and run the installer. There’s a screencast you can watch too. The process is as simple as it sounds and you can have a basic, empty Rails project running within minutes.