A bird in hand is worth 2 in the bush, dont count your chickens before they're hatched, etc. etc.
My comment was about counting chickens that have already hatched. The game plan has changed -- the name of the game, since 2006, has been about improving performance per watt. Caring solely about performance is completely asinine. You'd be much more content (and much more informed) with the state of things if you made comparisons at the same power draw.
Otherwise, by your demands, a processor that draws 200w and is 10% faster than one that draws 10w would be better than the 10w one. I doubt that you actually see it this way -- your expectations need revision.
So far, this more mobile focused re-targeting hasn't had substantial effects on maximum performance when power is disregarded (i.e., when overclocking). It's rather easy to see that the max-on-air overclock of Sandy Bridge thoroughly trounces the max-on-air overclock of Nehalem and Westmere. You can repeat this back in history ad naseum.
The only outlier in this case is with Ivy Bridge. The transistor design makes for a more mobile focused, less overclock friendly product. We only have to take that hit once. If we threw Ivy Bridge on a planar process, we'd notice that it would have overclocked a couple of extra bins or so on air. The game has changed, but the progress has not. Intel could theoretically revert back to a planar process and reacquire the better performance at higher switching speeds.
The change from 32nm to 22 is rather showing of physics rearing it's ugly head. You can complain all that you'd like, but you're barking up the wrong tree by directing your frustrations at Intel.
There are only so many tricks left in the bag. Think about it -- there are a finite number of improvements possible. Some day, we will hit a wall. We will have mastered computer architecture. Transistors won't shrink anymore without ceasing to be useful.
Take the function of performance over time out to infinity. We're going to run into the asymptote eventually. To those of us that don't dabble in partisan semiconductor politics, it's rather clear that the steep gains in performance are tapering off.
There will, of course, be breakthrough technologies. There are terahertz transistors out there. Superconductors. All sorts of wonderful things that we might see even within a decade. But given that Intel is the undisputed leader in fab tech, it just doesn't make sense to blame them for the way things are going. They're already responsible for bringing us better technology to the market before anyone else. Why give them grief for doing their job so well?