Moore's observation was that the density yielding the minimum cost per transistor doubled with each generation (which doesn't actually predict that the density itself will double, only the point at the bottom of the cost curve will move to 2x density), not that the density doubled or that everything got 2x MOAR AWESUM in some random way.
Yes, it's sad, but it's true. The number of mis-statements of Moore's Law in the computing press will double every 18 to 24 months.