A single AMD Radeon Pro Duo graphics card can perform an estimated 8 billion guesses per second on the password hashes (unsalted SHA-1). A sub $10000 cracking rig with four of them can do 32 billion per second. That would mean the 550 year guessing time of XKCD's example password has been reduced to 9 minutes due to sheer computation power alone [1]. This is why it's important for everyone to use a slow and salted password hashing function (Argon2, scrypt, bcrypt, PBKDF2) to make sure that GPUs cannot guess hashes so terribly efficiently.
Note that this even ignores any benefits attackers have had cracking a large amount of unsalted passwords, which will have been substantial.
[1]: Edit: Looking up the current status quo, a single Nvidia GTX Titan XP can do almost 12 billion hashes per second in oclHashcat, that's 48 billion hashes per second for your cracking rig. Down to 6 minutes it is.