I totally agree about the technology not really changing, and in fact I would say that regulators have not really improved over the last several decades, hence the constant attempts by the dive gear industry to sell regs with lots of gimmicks and very marginal upgrades.
I'm not sure about the statement "The only difference between a double hose and a single hose is the exterior packaging."
I know that you mean that the valves of both 1st and 2nd stages are functionally the same in both single and double hose regs, and of course you're right. But, I would argue that the placement of 1st and 2nd stages in the cans, with the hoses at ambient pressure, as opposed to a single pressurized hose and a 2nd stage right at your mouth, is a more substantive difference than "exterior packaging" because it does in fact change the way the regulator acts in relation to the diver.
The fact that air is de-pressurized several inches from your mouth really changes the feel of the reg, and of course the double hose regs are much more sensitive to position. I personally don't think one is "better" than the other, but I find them to be pretty different.