I've got to ask: could you share what app or at least industry that app is in? I've never seen 134,000 test cases before for a web app, and 220,000 assertions to boot. What's the ratio of test cases to code? It sounds like a record to me!
I've worked in a number of medium to large financial institutions, and 10M LOC is nothing, really. They had subsystems that were bigger than that by a factor of 2.
I have to wonder how many of those tests are merely performing the kinds of checks that the compiler would automatically perform were a compiled language like, say, C# or Java being used instead of Ruby.