That's all very well, but exponential growth in physical systems is usually restricted within limits. In a such a system the negative feedback may also be growing exponentially, which means although initially it may be too small to be noticed, after the growth passes some boundary the negative feedback becomes relevant and the overall growth is no longer exponential.
Unfortunately it's impossible to tell where we are on the growth graph (Although some claim that probability suggests that we are closer to the end. See http://en.wikipedia.org/wiki/Doomsday_argument). Kurzweil makes the assumption we are at the beginning of the growth curve. We could be at the end where the negative feedback is about to overtake and growth will slow.
There will be limits. The speed of light could be a hard limit on computing speed. Or ultimately heat-death could be the hard limit, but there is a limit somewhere. The question is how close are we to the limit and that is something we are only likely to know when we reach it.
See - http://en.wikipedia.org/wiki/Exponential_growth#Limitations_...