I'm not a Rails dev so this doesn't affect me, but from a software standpoint, discovering vulnerabilities is a good thing in the longer run.
These are not new vulnerabilities, but are being discovered now, which means more spotlights are shining on the project. That's a sign of maturity too. From a maintenance standpoint, it will be a pain to apply patches to older software and those seeing heavy use, but it will cause some reexamination of existing code and practices.
There will be a domino effect of more eyes focusing on the code now, which in turn will lead to more discoveries of course, but hopefully, new fixes too.