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On the one hand, it seems the law, at least as it relates to increases in transistor density, will continue to hold for some time.
ECONOMIST: REPORTS
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The cheap revolution is a first-order effect of Moore's Law. (Moore's Law predicts the transistor density on silicon chips will double every 18 to 24 months.) For years if you said "Moore's Law, " people presumed you were describing a future of ever more powerful computers.
FORBES: Jim Michaels Broke the Mold
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Since then, Li-ion batteries have barely tripled their volumetric energy density, while processor transistor count has zoomed more than a thousand-fold.
FORBES: Battery Chemistry Is Getting In The Way Of Apple's Vision