This leaves out the time component. Who's to say that a year is long? A galaxy a million light years away takes a million years to reach... and maybe that's a short amount of time, to the right observer.
Tangentially, I've long wondered about sci fi like Star Trek. Namely, even with FTL, how large can your interplanetary alliance be? How far away can the parliament be? Over what distances can you defend against common enemies? Trade? Culturally exchange ideas?
Even after all the stars die, the white dwarfs will continue to glow. And after eons, the last black holes will evaporate. The point is that the age of stars is only a tiny fraction of the lifetime of the universe. Maybe the speed of light makes sense at that scale.
But... I'm not happy with that theory. In a relatively short amount of time the expansion of the universe will increase faster then the speed of light. Which means it will be impossible to ever get information from the other side of the universe.
I find it very unreasonable that the universe imposes a speed limit on everything and then completely ignores it.