The biggest difference between D&D and Exalted or other high-powered systems is that you can't go from "mostly normal" to "superhero demigod" just by beating up progressively stronger enemies in the latter. In D&D, you can theoretically go from level 1 to level 20 in the space of a single campaign, if you actually play that long. That is a feature one might feel is missing from other games... but also a source of major problems.