Hi SimKnutt,
Thanks for your comments. Your thinking is certainly valid and interesting.
However, the trend of the new generation industry is towards automating
complex functionality to higher levels like C or just blocks(simulink) then the converting the work from the high level functionality down to HDL or direct to fpga bitstream bypassing HDL.
There is heavy investment in that area between Mathworks,Xilinx and Altera...etc
This approach maintains the speed of direct hardwiring.
The new generation engineers have yet to prove that these tools work practically...