So I restart my browser every 48 to 72 hours to reduce the memory footprint (which is one of those clunky "hacks", but it still works).
Besides, whatever happened to Web browsing being a lightweight activity accessible for everyone even on his grandma's old PC?
Returning to your original point: I've been working on Firefox's memory consumption for about three years now. There are quite a few people who take your viewpoint. But there are also plenty of people who care very deeply about memory usage. Some of this makes sense, e.g. from people who are on low-end machines. But some of it is less rational... there is a subset of people for which memory consumption is almost a moral issue, and excessive usage indicates the general decay of western civilization, or something like that.
I do. I have 16GB of RAM (the max for my computer) and have 3GB of swap used. About 8GB of that is Firefox, and I (obviously) run more than just a browser on my computer.