At the risk of sounding banal- we have to appreciate things for what they are. I'll always have a love for old bikes- especially Schwinns, and part of that love is the old technology. Single piece cranks, caged, or loose bearings, adjustable cones, coaster brakes- all have been improved on. Still, they worked, and worked well. They're still in service on seventy year old bikes, and they'll stay in service for decades to come. There is a feeling of accomplishment when you get those wheels just spot on perfect so there is no play in the bearings, yet the weight of the valve stem causes the rim to turn till the stem sits perfectly at six o'clock. Now we have three piece cranks, sealed bearings, threadless headsets, multi speed internal hubs- no adjusting, no lubricating, just slap it in, hop on and ride. I love all the new stuff too. When I built the Dragonfly bike I used all that stuff, and It's great knowing I don't ever have to mess with any of it. Like Jerrykr said, the future may not be so grim. I won't be around forty years from now, and that's kind of a bummer- It'd be cool to download a bike from the web, and watch it take shape in your den while you're busy adjusting the cones on a hundred year old B6.
JWM