Jimmy, I don't know how long you've been into this hobby, but I started in the mid 1970s. That was in the TR-all-metal days (Compass 77b, Whites 66TR, etc..). Heck, I even remember seeing a BFO or two still in use

By the end of the 70's (scarcely 5 years later), VLF/TR was all-the-rage. All of the sudden you could get fabulous depth with VLF all-metal, and pass foil and tabs for the first time! Then fast forward only a year or two to the very late '70s and early '80s, and guys started showing up with motion discriminators, and all of the sudden, the depth a person could get in disc. mode doubled (when compared to TR disc.)! Fast forward a mere few years, and the sweep speed was slowed down, TID was appearing, and once again, everyone raced to these new advantages! The depth, TID, and swing speed, and other bells and whistles kept increasing every few years.
Then yes, you're right: In the last 20 yrs, it seems that nothing new has been introduced. Just re-packaged whistles and bells of the same things. Yes the Explorer seems to get more depth than other power-house coin machines, but heck, the Explorer is now 10 yrs. old!
Contrast this last 10 years (for example) from the 10 yrs. from 1975 to 1985! I remember when having a machine that was a mere 3 yrs. old, was being "left in the dust" with a dinasour! All I can figure is, that technology has hit a peak. There comes a point when you can not exceed physics. Same for computer chips and "Moore's law". There came a time when you simply can not get smaller or faster, because you've hit the speed of phsyical limitations?