I'm kinda hoping that eventually each ractor will run in it's own ruby::box and that each box will get garbage collected individually, so that you could have separate GCs per ractor, BEAM-style. That would allow them to truly run in parallel. One benefit should be to cut down p99 latency, since much fewer requests would be interrupted by garbage collection.
I'm not actually in need of this feature at the moment, but it would be cool and I think it fits very well with the idea of ractors as being completely separated from each other. The downside is of course that sharing objects between ractors would get slower as you'd need to copy the objects instead of just sharing the pointer, but I bet that for most applications that would be negligible. We could even make it so that on ractor creation you have to pass in a box for it to live in, with the default being either a new box or the box of the parent ractor.
They already truly run in parallel in Ruby 4.0. The overwhelming majority of contention points have been removed in the last yet.
Ruby::Box wouldn't help reducing contention further, they actually make it worse because with Ruby::Box classes and modules and an extra indirection to go though.
The one remaining contention point is indeed garbage collection. There is a plan for Ractor local GC, but it wasn''t sufficiently ready for Ruby 4.0.