Actually there's some incorrect information here, Pixar started using ray tracing in films as far back as A Bug's Life. I can't find a picture on line but you can see it in the scene with the glass bottle. That was done by integration with a separate render but since then RenderMan as added support for GI and other ray tracing features. I'm sure this update is significant, and sounds like a ground up reworking of the…
Source: Apodaca,Gritz, Advanced Renderman -- MK 2000.