/usr/bin/gem:23: uninitialized constant Gem::GemRunner (NameError)

threw itself upon my screen, shortly after my upgrade on one of my boxes from 0.9.4 to 1.1.0. I didn’t know what went wrong, but I hazarded a guess at it being something to do with the gem executable. A short command later and all things are flowing nicely:

sudo rm /usr/bin/gem && sudo ln -s /usr/bin/gem1.8 /usr/bin/gem

Hope this can help other people, because I know how many times this question has been asked elsewhere.