@Lemmink
The development cycle today is actually better than it was in 1984. I, being 1 man, working in my spare time, developed a system control chipset incl audio and 3d accelerated video, in 7 years. That's 1 man, working an average of 10 hours a week and having taken all of last year off from development.
And I have 350 more man-hours till it will be finished, conservative estimate.
Wanna know why?
The migration from schematical entries to hardware description languages combined with the arrival of inexpensive FPGA's that are useful for testing out a design in a real-world situation. Most of the old development-cycle has been supplanted. Then add in licensable cores, and the development time is now months.