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I have two thoughts:
1/ Moore's Law is alive and well, but the technology to cool the amount of heat produced by the true top of line processors isn't there. My university department has a lab working on this problem and considers it a success when a computer takes a whopping 30 seconds before bursting into flame while running the true top of line processor. We are beyond air cooled, beyond water cooled, and into the world of nano-foams.
2/ I run Calibre on a netbook that has as much processing power as a standard tablet, and simple format conversions can - but not always - overwhelm the machine. Until tablets can run Calibre without a hiccup, there will always be a place in my house for a "real" computer, be it desktop or laptop.
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