I tend to agree, for casual cycling anything less than 25 pounds for a bike weight is just showing off your money. Chances are, if you are a recreational cyclist, your clothing is affecting you much more than your bike's weight, if it's sub 30 pounds.
But there is a huge difference if the bike is heavy enough and you are light enough. Back in the day, the typical rich kid had a schwinn varsity that weighed in at 35 pounds. When we showed up with 26 pound peugots and ralieghs, we'd clean their clocks in any kind of race, short or long. But as your bike weight becomes less and less of a percentage of your combined weight, I bet the difference becomes less noticeable to the rider. So nowdays, weiging in at 180 instead of 115, I notice bike weight a lot less. That ten pounds or so is much less of a difference now. Whatever the bike weighs, I don't have stronger legs than I did at 18, but I'm carrying 60 pounds more no matter what. You could just consider it, that my bike weighs 85 pounds now compared to when I rode the peugot.
Racing is a different thing though, and everybody rides whatever the rules say the minimum weight for the bike is, and cost is no big deal vs riding at even a 5 watt disadvantage. The race will be 5-6 hrs long after all. They know about aero, and all are riding bikes now with features once seen only on the TT bikes.