EEeh, it takes me back. In the late '80s, I used to manage a VAX 11/780 - a proper computer with reel-to-reel tapes in its own air-conditioned gallery. It had 40 users who shared 16MB of RAM, 256MB of hard disk and exactly 1MIP of computing power. The terminals were all hardwired into the back of the computer.
I'm firmly convinced that computers today are bloated playthings. Why is it that I need 2GB of RAM just to load Windows 7 and have it work with anything approaching "speed"? It's an operating system, that's all. It is NOT the star of the show. I remember Guy Kewney ranting in Personal Computer World when CP/M 2.2 came out in about 1981, about how it took a whole 17KB. He wanted to know exactly what it needed all that space for.
Perhaps the really crazy thing is that despite living in a wonderful technological heaven, no one's any happier. It's due to what philosopher Alain de Botton calls "Status Anxiety". We don't have the 20MB/s broadband the neighbours have, therefore we're failed. We don't have the latest preposterously named iPhone our friends have, therefore we've failed. The thing is, it doesn't matter. None of it. As Tony Wilson once said: "It doesn't matter that you're richer than me. I'm lucky, my brain works."
Ahem. Here endeth the rant...