Helium dive computers are the latest current advancement that I can think of. There are also higher high-pressure tanks available in Europe. And new light weight DPVs available in the USA. Weight plates attached to backplates are also a fairly new innovation within the past couple of years. Streamlined wings are now more commonplace, with Halcyon, DSS, and Oxycheq producing many more of these. And most lights have now become HID and lithium-ion powered.
CCRs also seem to continue to make progress towards a reliable, safe product, although occasionally there is still an unexplained malfunction in these and then somebody dies.
Someday when all the helium is gone (currently being sucked up by MRI machines), we will all be diving with neon mixes instead. By then, CCRs will become a financial necessity, since neon is extremely expensive, although fortunately inexhastible.
30 years ago, scuba diving was done in horse-collars, without SPGs, with crude depth gauges, and exclusively with air alone. I remember certifying back in those days. Back then, you used your watch, and guessed at the psi left in your tank(s) based on dive time elapsed and approximate depth. It was the knots on your down-line that told you your exact depth, or the fathoms marked on your marine chart.
To me that sounds like a fair amount of modern innovation in the meantime. With ScubaPro regs onto 130 cu ft steel doubles, V-Planner software together with a helium dive computer and backup, X-Scooter DPV, HID LIon light, and warm inside of a D/C shell drysuit on argon, you are quite modern. And some feel that a CCR makes you even ultra-modern.
I guess beauty is always partly in the eyes of the beholder.
It is true that closed circuit or open circuit designs have been around for a long time, but the equipment is vastly more reliable now and performs better.