No I wouldn't, it was well known there that such miniaturization is possible.
The problem is how small a nm is, we are literally running out of atoms.
http://forums.anandtech.com/showthread.php?t=299974
So what do you do when you reach a nm figure so small that there are simply not enough atoms to build your structures? And remember due to imperfection in the construction a 1 atom wide connection is not going to be viable.
At that point the age of rapid scaling of speed would have ended. Advancement is still possible but it will take a long time and significant breakthroughs to achieve. Already new processes are costing several times what older ones did (modern plant is 6 billion dollars) and yet the resultant is a shrinking that improves density but not thermals (move from 32 to 22nm to intel according to intel's own claims, as well as anything below 45nm for their competitors)
Intel's tri-gate advacement is an example of the type of new improvements that would be needed, but its not like you can continue coming up with creative solutions like that at a breakneck pace... they will be made of course just not as fast as they used to.
There is certainly a good bit left in traditional advancement via shrinking. But not enough, I think, to get something capable of doing all of these at once:
1. high FPS (120Hz is already here and 3d cuts Hz at half so you need 240FPS to get the equivalent of that... but fine, lets say you are sticking with 2.5d 60Hz monitors)
2. future resolutions (4K) resolution
3. photo-realistic graphics (we already have the graphics engines... but it takes a massive server farm to render them in real time).
4. At a cellphone's form factor.
The above would eventually be reached but it will take longer due to having to come up with non traditional solutions (eg, no more shrinking nm).