Interesting thread
As mentioned above there are two main issues with higher pressure fills, cost of compressors and the laws of physics thus there is little likely hood of this being mass market.
Cylinders themselves are always interesting.
It always amazes me that there is a preconception amongst divers that Aluminium cylinders are lighter than Steel. Which is generally not the case. Obviously steel cylinders of a similar volume get more gas because of the higher pressures.
I totally understand the industries's love of the S80. It's cheap, and low maintenance - not corroding as easily as a steel (generally speaking) and of course resilient to damage.
Of corse I'm a steel fan, not that I should be. I dive in high water temps where we wear the minimum of exposure protection in the summer, we have higher salinity levels than is the norm and we have high humid temperatures. All of which are bad for steel. That said steel cylinders (12l and 15l) are by far the most prevalent here. However 99% of diving is of boats where we don't have the same weight concerns as shore divers.
We of course use the lighter weight steel cylinders for the most part to save some kilos. But generally speaking most people need some weight so it might as well be in the tank.
Now of course you could make cylinders from other materials to reduce their overall weight.
For those would don't know, this is how you make an Ali cylinder and
this is how you make a Steel cylinder.
Material considerations are not just for strength/weight but also for cost and ease of manufacture.
You can buy carbon fibre cylinders for rebreathers (2or 3L I think) however they are 2 x the price of a normal cylinder. Obviously if you want to reduce weight and not bothered about cost (after buying a rebreather whats another $500?) then the are the way to go. Unfortunately even if you did make them big enough, they really wouldn't be that great for general use, mainly because carbon fibre isn't as damage resiliant as Ali or steel. And when empty their buoyancy characteristics would be awful - so no use for the recreational diver.
You could use titanium, certainly it'd be lighter and stronger but a pig to manufacture. Also if you scratched it, then its likely it would fatigue quickly
You could make a hybrid sat a steel wrapped in carbon fibre - that would be lighter and could take higher pressures, but then you can't inspect the steel underneath the carbon, so limited life
At the end of the day the cylinder in a perfect world needs to be neutral is when near empty otherwise the amount of extra weight required to offset its positive buoyancy , precludes any advantages. Steel is still the best candidate for a material, although as you make a more and more exotic alloy for greater strength/reduced material you will cause huge problems in being able to manufacture it cost effectively not only with tooling but there would be a greater failure rate in manufacture.
The only benefits would be for the larger tanks. If you could get a 15l or 18l tank the same weight as a 12l steel then that might have mileage but how you go about that while allowing people to be able to abuse their tanks on a boat or in a car, and give them a decent life expectancy with a reasonable cost is possible the hardest part