Maybe the past can help tell us what the future will bring...
I did some back of the envelope math with numbers I found on the net (not sure how reliable the sources are, but I think it will support my argument)....
My first PC was a 486 33sx. On the wikipedia I found that a 486 33sx performed 27 mips.
My current PC is an i7 940. The best source I could find on i7 was for the 965... 76,383 mips
76,383/27 = 2829, so well over 2x the figure stated in the question (1024).
On my 486 I: Used Windows, played games, tinkered with development (I sucked back then, but I was young), and used AOL (this was the early 90s).
On my i7 I: Use Windows, play games, tinker with development (I suck a little less now), and browse the web.
I predict that in 10 years I will: Use Windows, play games, tinker with development (but be pretty good this time), and browse the web (from my flying car, which will be invented by 2015 according to Back to the Future II)