I was wondering whether I'd get called out for omitting this. You're right, of course. :-)
Well, you're partially right (and it's a bit of a mess, which is why I left it out in the first place). Yes, increasing the data rate reduces range when all else is equal. The carrier frequency doesn't actually matter. The bandwidth does matter, but not in the way that you'd expect. Increasing your channel bandwidth actually increases your range when your receiver is noise limited (which is necessarily the case when you're making the range/bitrate trade-off). But the "power" term in the standard formulas assumes you're measuring the total power in your band (not carrier power). So you can't reap the benefit of doubling your bandwidth without also doubling your transmit power (unless you're using a true spread spectrum transceiver, which is a different beast).
There are plenty of other factors, but when you're thinking about these things, you ultimately want to form an intuition for "what is the minimum energy per bit needed to make my receiver happy?" and "how much transmit power do I need to deliver that energy, given a specific antenna and desired range?" [1]. This analysis lets you ignore the specifics (modulation technique, multiple carriers, multiple antennas, spread spectrum, etc) that make it difficult to compare this TI radio and your 802.11n card, but still gives you a very accurate result.
My original point (which still stands) is that you can't feasibly build a 1 kbps transceiver with 16 mW transmit power and a two inch monopole antenna and expect to get anywhere near half a km of range with the TI radio. It simply isn't sensitive enough.
[1] http://en.wikipedia.org/wiki/Eb/N0
(As an aside, Eb/N0 was one of those things that I found incredibly confusing when I first learned about it in a communication theory class - I recall several homework assignments where we had to solve for Eb/N0 symbolically for various theoretical transceivers. I only realized how useful it was after building real radios and plugging in actual numbers. Once you get the hang of it, it becomes a very good bullshit detector for "overly optimistic" range, bitrate, and power trade-offs that doesn't require spending hours in front of a simulator.)