It's no fun being a magic user when you have to hoard your own power all the time, and rely on storage devices to get anything done.
Actually, the ability to create that sort of stuff and all was one of the things I really liked about the game system.
I am seeing more of a ramp-up in power, tho, and while you may see it as a good thing, I'm getting more leery. Many newer RPGs that are being released now are admitting to being written for a 'new generation' of tabletop gamers, who have been weaned on video games and MMORPGs. This makes them have different expectations, and I'm not sure that is the right angle to go at.
We'll of course have to see where the game is when it's finally released, but there does seem to be an almost mandatory (and significant) step up in the relative 'power' of a PC going into this new edition. After all, things that happened back in the 2nd Age were very much talked about and described as far more potent, magical and 'earth-shattering' than the stuff that was going on in the 3rd age (the Red Moon notwithstanding

).
The second age was still very much a time of Myths and Legends, moreso than the 3rd Age, and if PCs are expected to be able to have an impact on the game, they must likewise be so scaled. I'm not sure that's what I, personally, am looking for in my Glorantha...