The term "back in the days" gets thrown around quite often in the Audio message boards that makes me think that high end audio is a dying industry.
Many high end audio companies aren't like what they used to be, when the man behind the company is gone, it's gone, just take a look at AR, KLH, Advent, Threshold, Krell......and many, many others.
The lack of demand, high cost, and low expectation in audio quality from the general public, and change of living dynamic are what driving this industry down.
Back in the days, "kits" were sold to engineers, technicians, hobbyists with technical back ground, they were sold when electronics was young.