That's what I love about Engineers. They have no concept of the big picture.
What interests me the most with most "bike discussions" is how small the numbers are. 6 watts over 10 seconds accellerating from 20mph to 30mph....Switch from a 1100g frame to a 1500g frame, save 0.7% percent of total rider+bike weight.....etc.
There's no doubt in my mind that there are improvements to be made, but honestly, 99% of us pedal like the spastic buckets of meat we are, which probably negates all the absolutely minute improvements we might make by a factor of 10. Or more.
For me (and this is funny coming from a guy who has zero motivation to ride at the moment) the biggest improvement you can make to your riding is, well, riding more.