[wtallis]

I wouldn't be too sure. The low-end 13" MacBook Air has a 1.7Ghz dual-core i5 processor, 4GB RAM, a 128GB SSD, and a Thunderbolt port providing two bidirectional 10Gb/s channels.

From what I can find, an IBM S/390 from the early 1990s could have up to 6 processors and 6 vector coprocessors, up to 9GB of internal storage, and up to 256 fiber-optic links running at 10MB/s (for an total bandwidth of a Thunderbolt port plus a USB 2.0 port).

I don't really know how fast the CPU and RAM were in the IBM mainframe, but I'd suspect the Air's clock speeds are high enough to make up for only having two processors, and the Air's SSD would make it much faster for data sets that don't fit in RAM.

And as for the reliability advantage a mainframe is supposed to have: you could buy several MBAs per month to act as hot-spares for the price of renting the mainframe, and the MBA has a UPS built-in.