Thank you to Mark and Steve,
I looked at Mark's links (not thoroughly of course) but it reinforced my idea, that improvements have been incremental.
Thicker blades, 01 tool steel, A2 etc.
They do what the manufacturer's say, but what I am thinking about is not an incremental step, but a leap.
Back in the late 80's and early 90's we started using crucible tool steel in production metal turning.
It was a leap - better than what we were doing including some of the carbide we were using at the time!
crucible is a manufacturer of powdered metal material in different shapes.
I don't
think anyone was using it for wood tools at the time.
This article form Fine woodworking suggests that 2012 was the first time PM was applied to wood working tools...
https://www.finewoodworking.com/tool-guide/product-finder/veritas-pm-v11-tool-steel.aspx
Anyway back to my point - thank you both for making me look for "What is different?"
I wanted to see a "Novel change" not just an incremental change. (better edge holding, better wear properties etc.)
I think the novel change is powdered metal...
Mike Davis was raving about his Veritas plane blade - and I just assumed it was another thick replacement blade like the Hock, IBC or Pinnacle.
It's not - the Veritas is POWDERED METAL!
Is this the novel change?
I am not sure, but ask Mike - as he points out he sees it as different!