Previous standards, PIO, ATA33, ATA66, ATA100, are limited to handling 127GB hard drives. These protocols are incompatible with larger hard drives. This has nothing to do with speed.
ATA133 provides a maximum burst rate of 133MB/s. Modern drives are only just now exceeding the maximum bandwidth of ATA33 on STR, with cache burst rates just on ATA66 limits. There's little justification to go to ATA100, let alone ATA133.