Personally, when I earmarked the funds for "PerlMonks development", I figured it would go where the need is greatest, or where it would do the most good. I didn't have an expectation that it would go strictly to hardware or bandwidth.
With my performance improvement analysis hat on, I do think that some of the changes tye has suggested are very promising, and may even pay off more than switching to faster hardware (within reason ;-). So no, I don't have a problem with it. I think the money's being used as I intended it.