It's also worth noting that 64-bit x86 processors only appeared a few years after the song, with all 32-bit systems until then being limited to a theoretical maximum of 64GB (with PAE).
The general public isn’t asking for a hundred gigs, but I’d love to see the baseline rise up a bit.
I'm still comfortable with 4GB (and currently using ~1GB of it), because I stay away from the bloated web stuff. Outside of certain applications, I think there really isn't a need for huge amounts of RAM; unlike e.g. storage, which even I have several TBs of, simply because of accumulating media.