Read first post and good info. But one thing I'd like to say is that the difference is not always that noticeable or drastic. When I had 20's on my car I did notice a loss in acceleration. However, I've raced an '08 G35 (IIRC 20-30 HP more than my '06), while me having some minor mods giving me at most 15 HP, and I was able to keep up with the other vehicle. He was an auto so it wasn't anything due to the driver mis-shifting.
After having 20's, although nice, I now prefer a lighter and smaller wheel. Big isn't always best.