Hey Nxing, interesting question! Would be nice to hear other people's opinion.
I am using 65nm for mixed-signal design. The square law model is pretty useless
for hand calculations of operating points etc. However, equations covering deep-submircon
effects are complicated and parameters are often unknown (and even then they might
not be accurate).
Anyway, I think when analyzing a new circuit the square law model is still good enough
to show design trade-offs and give insight how the circuit works (which can never be
achieved just using simulations). Good knowledge about
deep-submircon effects (short-channel, halo pockets etc.) is necessary should the simulation
behave different than expected
. However, to finally determine the transistor dimensions I rely on
simulations.
Regards