I understand what you're saying about processor speed, but I'm not sure I agree with your conclusion. My machine is 2.5 years old, and has an Intel Core 2 Duo running at 3.06GHz. It's not as fast as the latest i7 processors, but it's not the slowest part of my system right now (the lack of RAM is, and I can fix that for $110.) Given that my iMac cost only around $1250 as a refurb, even a $500 investment in speeding things up might be well worth it depending on how one uses the computer. Compared to spending $2500 on a new iMac with matching specs (i.e., the SSD and 2TB hard drives installed), that's a big difference to get upgraded processors.
Most of the professional photographers I know are incredibly conservative when it comes to cameras and computers. Part of that is just frugality - I want to eke out as much life as possible from my investment in equipment. Part of it is familiarity -- I know my camera works well, and I don't want to upgrade every year or two. (Which explains why I used my 1D Mark II bodies for almost six years, and still have them as backups or when I need remote cameras.) For me it's mostly an understanding that anything I buy will be outdated almost before it is delivered, so I don't worry about watching someone else work on a newer machine -- there will always be someone else with a faster computer. I'll replace my computer when it simply won't do the job, and until then, if I can make minor improvements at a reasonable cost, I'll do so.
All that said, this iMac is for my freelance and personal art work, not my day-to-day production work. So I'm not likely to do anything more than add the RAM upgrade, which is easy and inexpensive.