Knowing grep and ruby made it possible to narrow down a problem, and verify the fix for, an issue involving tons of java exceptions on some production servers. Because I threw the solution together in ruby, it was done (designed, implemented, tested, run, bug-fixed, re-run, enhanced, results analyzed) in an afternoon instead of a couple of days. I could have solved the same problem using an all-java solution or a C# solution, but it most likely would have taken me longer.
Having dynamic language expertise also sometimes leads you to simpler solutions in less dynamic languages. In ruby, perl or python, you just intuitively reach for associative arrays (hashes, dictionaries, whatever word you want to use) for the smallest things, where you might be tempted to create a complex class hierarchy in a statically typed language when the problem doesn't necessarily demand it.
Plus you can plug in most scripting languages into most runtimes. So it doesn't have to be either/or.
