I disagree with him. I implore developers out there to not settle for crappy IDE's, API's and languages. Back in the day, hardware was expensive, programmers were cheap, and the tools were written for the machines, not the programmer. Nowadays, hardware is cheap, programmers are expensive, and tools are written for the programmer, not the machine.
Remember this, all you other developers out there, the programmer is the expensive one, the important one. You have the power to demand more from your tools.