Iirc the Kramnik match was not exactly a show of strength for Kramnik, also, he is not the current ruling world champion in chess (though he was when he lost that match, but that's why we keep on playing tournaments, the current champion is this guy: http://en.wikipedia.org/wiki/Viswanathan_Anand).
That said, Fritz is imo a very impressive piece of software, much more so than deep blue ever was.
edit: I just looked at the wikipedia entry, the 'crippling' was with respect to the end-game tables, typically that's not a really big deal unless you have the bad luck to end in an end game where you need those tables, in that case such a game usually ends in a draw. In none of the games that were played that seems to have made much difference, and Kramnik messing up was what sealed the match.
If you're not aware, Fritz is also no longer at the top of the heap in computer chess. http://www.rybkachess.com/
Computers are 'better' not when they reach the goal via the same path as humans do but when all other factors being equal (size, power consumption, access to pre-programmed data and so on) they beat the best human player. And I don't think we're there yet, deep blue was not a universal computer by any stretch of the imagination.