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And itself based on VMS, which was released in 1977.
Almost everything interesting about mass market operating systems was done in the 70s. Tons of academic work out there otherwise, but we'd have to rewrite everything to make good use of a lot of it.
L4 runs on billions of devices but it's mobile modems, car infotainment, and stuff. There's also been innovation generally in the mobile and restricted space, no desktop OS can manage application lifetimes quite as well as Android can: Because it needs to because you want both multitasking and fit everything into limited RAM.
The problem is really the "rewrite everything" part because to make current OSs much better you'd need to work on the interface between programs and OS, and not just piecemeal stuff like wayland. It was possible on mobile because everything was new, anyway, but on desktop? Truth be told our best bet at new standard APIs is wasm.