It ignores the requirement that secret data needs to stay secret for 30 years, or 100 years, or long into the future, and attacks only get better.
https://www.schneier.com/blog/archives/2009/07/another_new_a...
> They also describe an attack against 11-round AES-256 that requires 2^70 time—almost practical.
>> AES is the best known and most widely used block cipher. Its three versions (AES-128, AES-192, and AES-256) differ in their key sizes (128 bits, 192 bits and 256 bits) and in their number of rounds (10, 12, and 14, respectively).
>> In the case of AES-128, there is no known attack which is faster than the 2^128 complexity of exhaustive search. However, AES-192 and AES-256 were recently shown to be breakable by attacks which require 2^176 and 2^119 time, respectively.