Capitol Hill also has one of the busiest Link stations in the system. Depending on where you are on the hill it's quite a hike, but to say that Capitol Hill lacks a subway is a half-truth. (A light rail is not a subway, but Link is definitely about as far as you can push light rail in the subway direction.)
The main advantage of the Link is the total separation from traffic; even with the bus lanes, the bus on Pike and Pine will get bogged down waiting for poor drivers, pedestrians crossing the street, etc.