In Textmate, the keyboard shortcut ⌘⌥[ properly indents all the nesting on selected code.
Is there a similar option in Sublime Text 2? It’s the only thing holding me back from switching and I’ve checked all documentation to try and find something similar.
I’m not sure if Sublime Text 2 has a generic code formatter, but there are a lot of really good packages out there that will provide various formatting for different languages.
Take a look at Package Control (used to manage plugins for Sublime).
http://wbond.net/sublime_packages/community
For formatting Ruby there’s a pretty good package called BeautifyRuby. https://github.com/CraigWilliams/BeautifyRuby