Topic: 96kHz never came to be.. What about the next hardware?

I came across this AES white paper on 96kHz, way back in 1994. We have totally missed the value of modern DAW and audio interface capability, while debating the value of hi-fidelity. Who can argue at this point that 96kHz will become the defacto standard as 5G wireless bandwidth ushers in instant downloads of multi-gigabyte data?

This leads me to the modern question; How have we missed immersive audio this time around? I won't link you, do your own research. Both Sony and Dolby have already developed the experience, it will come.