That was the reason for this post Darren, it seems we have to go back to the past to find something worth making.
What I want to identify is how recent do we have to go before there is nothing to focus our hobby on.
Ripslider has pointed to maybe new powerplants for models, but that would only appeal to a very select few model engineers.
Almost anything can be scaled down, with a bit of artistic licence, to get around manufacturing and scale size problems, but what do we copy? A model of the Chunnel digging machine? Rather a boring thing to watch in action.

It is very difficult to come up with miniature copies of interesting modern machines, because there is a distinct lack of them. So we have to come up with using old ideas in a new way, or new ideas used in an old context.
There is one area that is having a massive resurgence because of a modern way of looking at an old idea. Ten years ago, you hardly ever heard of a model Stirling engine being made, it being restricted to experimental model engineers. But since the green brigade started kicking up a stink, and manufacturers thought it was the thing to save the world from our forthcoming plight, everybody and his dog are using the old formulae to make more powerful and efficient versions of the Stirling type, even in model form.
How about fitting cars with a modern day designed hit 'n miss engine, that fired once every half mile. 500 MPG would then be within easy reach. Beats hybrids any day. For high performance motors, they would fire every 1/4 mile, and wagons and caravan towing, once per mile. It sounds very far fetched, but compared to some ideas that have been thought up, it would be a world beater.
Just a suggestion, but these are the sorts of things we should be looking at.