Yes and no. I think neon is undersized for today at 128bit registers -- if you're working with doubles for example, that's only two values per register, which is pretty anemic. Things like shuffles and other tricky bitops benefit from wider widths as well (see my other reply)
Agreed that 128 bit is undersized, but 512 feels pretty good for the time being. We're unlikely to see further size increases since going to 1024 would require doubling the cache line, register file, and ram bandwidth, while just adding an extra fma port is far less hardware.