I voted yes. I don't know that this argument works due to the fact that
1) the basketball (leather), hoop (still 10' and nylon), and basketball floors (still wooden) have remained the same. The athletes have gotten stronger, jump higher, dunk more often, can carry the ball instead of dribble but the equipment has remained fairly true to its roots. No equipment change has made 12' hoops necessary.
2) The football (leather with laces), and shoes have remained the same. Football helmets and pads have changed alot but mostly to protect the athlete. Football players have become much stronger and faster but again there hasn't really been an equipment change that has made it necessary to make the field 150 yards long (they did move the goalposts to the back of the endzone, good move :).
3) Baseball is, I think, the best example of this point in that the ball ( leather with laces), with exception to the deadball era, has remained the same. The bats (wooden) have remained the same, and I believe that they are starting to use wood again in College next year. When I was playing they were already starting to limit the aluminum bats in an effort to protect the game and the player, even at the highschool level. Older fields are still usable because of these reasons and the only way that players could find an edge was by pumping themselves full of cow roids.
I should retract a little though. I don't think that the ball is the only issue but I also don't believe that hitting the ball as long as tour pros do is in keeping with the way that the game was meant to be played (part fives should not be driver - 8 iron holes). Equipment advances have changed the way that older/shorter courses are played and I would think that golfers would be pissed about that because our game is the ultimate game of tradition/history. That being said, I almost feel that the R&A and USGA have let it get to a point of no return and to change now would do more damage than no change at all.