Yea. I have 48 cores on my workstation at work, dozens of gigabeans of RAM and an ultra-mega-terra-gigabit ethernet connection, and still I sit there watching spinners as websites composed primarily of text and images struggle to load.
Right, any desktop app where you have to wait for a non-stupid operation (like a Gaussian blur on a 50mpix image) makes me want to throw my computer through the window. It's 100% unacceptable, every interaction should have its result in the very next frame, and we have all the tools for that.
It's like we're regressing year after year.