I think one of the things that has made music less immersive is that the technology race has ended and music has lost it's primary tool for evolution, i.e.: electric instruments in the 50/60s introduced a multitude of new sonic possibilities that amazed listeners and inspired artists. The evolution of music over the next few decades followed the new technologies, but it's now at a point where a teenager can compose a professional sounding song on their own where every frequency of every note can be set with absolute precision, so I think it's safe to say the technological evolution has hit it's ceiling.
Technology hasn't really given musicians a new tool for their toolbox in 15-20 years and we haven't seen any new genres of music emerge in that time, but before that was an era in music where you got at least one new genre every decade.
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