Old And Busted: Moore's Law. New Hotness: Areal Density
Multicore chips are a kind of cheating as far as Moore's Law goes. You're bringing a gang to the fight for faster processors. The battle to store the information those chips handle is where a lot of the action is now. Wired took a tour at Seagate's R and D labs, and they're talking about terabits per inch now:
All over the world, people are reading the article and performing calculations of how many jpegs of Jessica Alba and Melissa Theuriault equal the uncompressed Library of Congress.