Quad-Core GHz+ CPUs are "good enough" for every day code development? Seriously? We really do live in a world of bloatware if we need 4 cores to support an IDE

Quad-Core GHz+ CPUs are "good enough" for every day code development? Seriously? We really do live in a world of bloatware if we need 4 cores to support an IDE or a classic editor + compiler/interpreter setup. This really reminds me of May's Law and that it needs to be addressed.