Most of the advances in the last 60 years have been to make speakers more compact rather than to improve sound. Earlier speakers that were all out assaults on sound quality were gigantic in size. The advent of stereo made them even more impractical. Shrinking the size became even more sensible when the transistor made higher powered amps needed for smaller speakers (lower in efficiency) cheaper to produce. But, you can take the drivers in some of these very old systems and build extremely good systems that can easily rival the best modern systems if you have the money and the space. I’ve heard a few, but I don’t have that kind of space or money. One of the was almost five feet wide, 4 feet seep and nine feet tall; one only saves on amp space because one can drive this thing to ear-splitting levels with a couple of watts.
As to The new Mo-fi speaker, which I’ve heard and found very impressive, it is very much old-school in many respects: paper cone, pleated surround, silk fabric dome for the co-axial tweeter. The only thing “new” is the 30-year or so practice of using neodymium magnets. Also, it is very large for a stand-mounted speaker, and this is very much and old school approach to sound quality.