That would be in 1970, but my guess is that "ed" would be a hard sell today.
There is plenty of bloat to go around these days and I think we could do a lot more to address that. But we've all got too much skin in the web game to own up to the embarrassing fact that a chat program that's basically IRC with pictures feels like glue on a 2.4 GHz, multi-core CPU.
With that out of the way, we shouldn't get silly, either. Every actually useful feature added will increase complexity and resource usage. I like split-window, code-folding, auto-indented, word-completing, syntax highlighted multiple document editing more than I like saving a few fractions of a percent of my hard drive space.