Gaming has and will depend on both CPU and GPU. If you want performance, you don't want to let the GPU become your bottleneck. Only with the likes of a 7950 or better is that reasonably possible across the board. They both matter, and they'll both continue to matter. If you could run a game at 60FPS or 30FPS, why would you try to justify 30FPS by saying the GPU is the bottleneck, when all you have to do is spend 20-30 seconds adjusting options to change it? That review has all max settings, which is not what most people can reasonably play at, until some given game is several years old, unless they're spending a lot of money on their PCs.
Budget/OCer: 'twas me! But the perf/$ of Conroe, up to 2.66GHz at the time (I bought pre-Phenom II, so quads were too much) was too good to pass up, and the OC potential was nice, and basically free. I run OCed now, but still undervolted, and doubt I'll worry much about OCing in the future. Unless you simply don't have the money at all, there really isn't value in it, like there used to be. It has its place, in that you can push performance beyond anything you can buy stock, but you spend almost enough to just get faster CPU, trying to do budget overclocking, now.
Mr. Hasn't spent real money on a CPU in forever: he won't get enough of an upgrade from another $130 part, due to lack of competition from AMD, unless he's so far behind as to have a pre-Conroe system, or Phenom (I).
After being disappointed with BD, which I was hoping would be better, I'm taking a wait and see approach towards Haswell, and may very well end up with a $300 CPU. It will be a long time before I give up my desktop*, but I may very well hold on to whatever I upgrade to for 4+ years, with maybe the occasional storage and GPU upgrade (which has also been part of waiting this long, since HSW will add potentially-practical new features). I'll play devil's advocate against HT being the most wonderful feature ever, but you can bet my next CPU will have it

.
For current gaming builds, the main thing going against HT is simply the cost v. benefit, compared to spending that additional money on a GPU, SSD, or more RAM. Clearly, Intel sells enough i7s to not need to reduce the price, so that's that, for the time being.
* though, if tablets and the general tablet/phone ecosystem would advance beyond the confines of telcos and booksellers, I could see myself replacing my notebook with a tablet