Some of the most talented and productive developers I know are in the Netherlands, France and Germany, and have a lifestyle that would be considered impossible by many in the States.
The brain needs time to recharge, time away from "work", time to think about work without actually doing work, and the punch that gets packed into a shorter work day can be much greater if the brain is working at optimum capacity, which usually doesn't happen if it is taxed for loads of hours day after day after day.
For me personally, my best ideas come when I am away from a computer, and my brain is free to wander. The more time I sit at a computer, ironically the less likely good ideas will come. Most work environments in the States have not learned this yet.