I agree that Adobe's ColdFusion is deadend but not Open Source Railo which is more of a Java Framework. At the end of the day there's no logical reason against CFML any more than there is against PHP, Rails, etc.
>ColdFusion is... not a particularly good choice these days for a variety of reasons.
Not that I disagree with you, but I wonder if the reasons you have in mind are valid. A lot of the reasons one might assume CF sucks aren't really applicable (i.e. speed, security) any more than most other languages.
I assume all major-ish choices have decent speed, security, etc. The main things are activity, books, resources, people to hire, libraries, support, etc.