As I read through the article (I know, I've already violated Slashdot's law, but anyway), I couldn't help but go back to this whole idea of 'under-the-hood performance.' Cars built today don't necessarily have to have the 400 cubic inch plants and 500 horsepower that they sometimes had in the 60's. Engines are half that size and half the horsepower, but because they're designed better, it doesn't matter. (Although I'd love a 500 hp engine anyway.)
As well, continuing the car analog, just because there are still some cars with 500 horsepower engines made today, it doesn't mean everyone needs one. There are plenty of tiny cars doing just fine thankyou
This article suggests that because we're not using giant oversized processors in our iPods and cellphones, that somehow we've violated Moore's law. All it really means is that putting a Ferrari engine in golfcart is pointless.