Relevant links in this comment: http://news.ycombinator.com/item?id=4252640
While that link makes me appreciate that SVG speficially might be hard to work with and that simply scaling everything proportionally might not make for good icons across all sizes, I remain unconvinced that vector icons are hopeless. Perhaps SVG's have the ability to do what I describe above, or perhaps we need a more powerful vector graphics format to work with.