If your content doesn't change frequently and/or the costs of regenerating the static content is minimized for you, great.
At what point do we see static sites take a fair share of the top-X-trafficked sites? Top 100? 1000? 1,000,000?
This is probably great for a small corp's info site... but then the client asks for a contact form or members/admin secured area, and there we go down the rabbit hole again.