Yep, and that's why we all have dual-core or more now rather than long ag. Parallel computers of various architectures have been around since at least the '50s (mainframes had secondary processors for IO operations, IIRC), but were confined to niches until the frequency wall was hit and the juggernaut had to do something else with the transistors Moore's law was producing.

(I also read this quote as an indictment of the Lisp machine and other language-optimized processor architectures, and more generally, as a Hansonesque warning against 'not invented here' thinking; almost all innovation and good ideas are 'not invented here' and those who forget that will be roadkill under the juggernaut.)