Let me respectfully disagree with your contention. The point that is missed is not what the hardware could do, but what can you do without optimizing. It is very very hard to put on the optimization hat without removing the design hat, and once you've removed the latter you are lost.
The key to the Parc approach was to be able to do many experiments in the future without having to optimize. (There was a second part to this "key" but I'll omit it here)