Yeah, nixie tubes are the perfect blend of Soviet-era impracticality and elegance. Now that I think of it, it's pretty impressive that there's circuitry to get up to 120V or whatever it is to drive those tubes right on his watch.
In this context, "Soviet-era excess" is a jab at the culture of the USA around the time of the cold war. Some of the time periods in US history are named for the war we were fighting around that time. Revolution era, Civil War era, WWI and WWII era, cold-war/Soviet era, Vietnam era.