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I think the purpose of the comparison was to try and show how much bloat has been added to modern systems. To the extent that nothing has gotten faster, they have just become fancier. How many people need all of these fancy enhancements? Would you not prefer your Word Processer load in under a second? Far more productive that way. Instead, today we are getting Ribbons, fancy graphics and bloat.
Well if everyone didn't insist on loading office 2007 they could start up Word in under 1 second like me (office 2000)...
People write very innefficient code now days. Things like Video encoding obviously requires the power and those algoritms are pretty good. But if you start looking at something like Vista. People today will write reams and reams of bad inefficient code because there are no consequences to doing so. The destination machines have massive CPU's so who cares if it is 20 times slower then it could be.
BTW: Ever wonder why it cost so much money to make Vista?
http://moishelettvin.blogspot.com/2006/11/windows-shutdown-crapfest.html