Totally disagree.
Some things were settled years ago such as JetFins, arguably some regulators, some cylinders.
Pretty much everything else has massively evolved in the last 30 years with new materials, designs and usage. Examples:
- Backmount with 40lb doughnut wings, V-weights, standardised valves, band formats. A lot of that from the DIR pioneers
- Masks — decent one piece low volume designs with single glass
- Drysuits — new materials, better zips, better fit, pee valves, heating
- Sidemount — almost standardised around the "DIR" layout, bailout bungees more common on CCR
- Computers— praise be to Shearwater
- Decompression algorithms— ZHL-16GF
- Dry gloves
IMHO the past 10 years has seen a lot of new innovations.