I'm hoping that Dave has already resolved this and moved on, but since a lot of people are viewing this thread, I wanted to update it. I re-wrote this in coffeescript and re-tested. Just to be clear, I'm testing in Rails 4. The pipeline treatment for images was changed with Rails 4, so it's likely there would be a different result if you're running in Rails 3.1 or 3.2. Also, my production environment is the default production environment and assets are pre-compiled.
Dave's original reference of 'assets/Jumbotron2.png' worked in development, but not in production, the same result he had.
The second solution of putting the image in public/imagesJumbotron2.png and referencing '/images/Jumbotron.png' worked in both production and development. FYI, the colon also worked when I re-wrote in Coffeescript.
The third solution from Rick to reference url("Jumbotron2.png") was a little surprising. I had expected it to work in development and not in production. It actually didn't work in either one. In production, it's not working for the same reason as Dave's original statement. The pipeline doesn't load in production so it either finds the image somewhere in the public directory or it doesn't load. In development, I have learned that you must either use a helper (such as asset_path) or you must reference the assets/ directory as Dave did to trigger the pipeline processing. Didn't know that.