In the past, specs was where it was at. Many of us grew up in that environment.
As the Internet has taken hold and become an integral part of our lives, connectivity and inter-operability have become the new MHz. Being able to sync, talk to other devices, integrate with other systems is more important than being faster.
Developing products in silos is the old way. Developing products that are part of a larger "system" of hardware, software, and services is where the 21st century is at. Sure, it's nice to have the coolest, fastest <insert gadget name here>, but if it doesn't play nice with your other gadgets and it doesn't meet YOUR needs, then the extra MHz or screen inches or GB of storage are wasted.
IMHO.