Nice HN explanation! One hopes we will not be living with 4kb pages forever, and perhaps L1 performance will be one more reason.
(Of course, it only took a few years for this to be rectified with the byte-word extension, which became required by ~all "real software" that supported Alpha)
It's also one of the only architectures Windows NT supported that didn't have 4KB pages, along with Itanium. I've wondered how (or if?) it handled programs that expect 4KB pages, especially in the x86 translation subsystem.