I think the same thing every time I download it. I hope the Blender foundation is able to keep it that way, as things do tend to get more and more bloated over time.
Funny you say that, i remember years ago thinking that Blender was becoming bloated after the download reached ~20MB :-P.
Ton Roosendaal started out as a programmer on the Amiga. I'm probably somewhat biased here, but I expect that he has strong feelings about avoiding bloatware
That's apparently also why blender had such unusual UX (like right click to select) - it's rooted in Amiga conventions.
I think it would be a good use of space to include some default assets (models, textures, etc.) for beginners to play with, even if it doubled the size of the download
I would make a "ultimate" flavor that comes with a kitchen sink for people who have no clue and would think a larger download is a sign of good software.