Any drive, (even if they retrofitted ATA133 onto a circa '96
1GB drive) with ATA133 interface will burst at (approaching)
133MB/s. It makes only a very slight difference in use
because the data still has to get from the platter to the
cache.
With high end drives, linear reads of large files, yes ATA66
is beginning to be a bottleneck, and is certainly with an
ATA66 RAID using two drives per channel (though these are
dying out now, since the major manufacturers of such
products like Promise, haven't upgraded them to have 48bit
LBA support AFAIK).
Even so, that is a bit different scenario than most uses
where the throughput in use wouldn't be far above 66MB/s.
It is a justification to move to at least ATA100 but then
the Raptors are in SATA.