You may try to use first 4 bytes of ObjectID (they will represent timestamp).
But, to be 100% safe, it's better to produce really unique short id, by implementing a counter. You can use separate collection to maintain current value of your counter.
More details on mongo's ObjectID structure can be found here: http://www.mongodb.org/display/DOCS/Object+IDs
As an alternative you can convert convert hex string id representation to a representation based on 36 symbols (26 latin letters + 10 digits). It will obviously be shorter.
It seems, that there is a ruby library, that can do such conversions http://rubyworks.github.com/radix/
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