>Theoretical physics is highly mathematical, but it aims to explain and predict the real world. Theories that fail at this “explain/predict” task would ultimately be discarded. Analogously, I’d argue that the role of TCS is to explain/predict real-life computing.
as well as the emphasis on the difference between TCS in Europe and the US. I remember from the University of Crete that the professors all spent serious time in the labs coding and testing. Topics like Human-Computer Interaction, Operating Systems Research and lots of Hardware (VLSI etc) were core parts of the theoretical Computer Science research areas. This is why no UoC graduate could graduate without knowledge both in Algorithms and PL theory, for instance, AND circuit design (my experience is from 2002-2007).
I strongly believe that this breadth of concepts is essential to Computer Science, and the narrower emphasis of many US departments (not all) harms both the intellectual foundations and practical employment prospects of the graduate. [I will not debate this point online; I'll be happy to engage in hours long discussion in person]