It's fun reading this thread as everyone is clearly either in the:
"you damn kids, get off my lawn" or
"cool, bring it on" camp.
The busted knuckle mantra "there is no replacement for displacement" is making more than a slow exit and, from what I've experienced, it's not all bad. Advancement in turbos makes them nothing like the 951s or old SAABs. Mix in some serious computer controls along w/ direct injection and you can plot a HP/torque curve anywhere you like on the map - just name it. That's the upside and (in my opinion) only reason they are now taking hold. The efficiency gained, much to the chagrin of green-weenies, has been there for quite some time. Now that "we" have the power we want they are adaptable... even if reluctantly so.
Now where's the damn newspaper this morning?