You're on to something. It's the lisp machine of it all. Hot reloading is nothing that requires anything special, so you can redefine a callback or dependency with ease in the repl and the system chugs along. You can theoretically do something similar in ruby, but it's the opposite of elegant, you'd be forced to re implement methods with different dependencies etc. It's also a function of being "functional" in the lisp sense, that things are lists, and lists can be replaced, functions or otherwise.

The fun way to get a feel for lisp machines is emacs, it's so easy to fall of a language and especially hand-coding in a language if you don't have to.