I strongly disagree with Joel here. It's true that storage is much cheaper today, but every piece of software I use is downloaded from the internet. Not everyone has 10MBit connections. If you make software, and especially updates, unnecessarily large, you will cut off a percentage of your users.

I'm not saying you should axe features to make the app smaller. But please, if you distribute software, spend a few hours and try to make the download size as small as possible.