I would be glad to hear more about it.
I don't really understand what you are referring to. Color management ? Color rendering ? Color appearance models ?
Sure. Just think about it: What disruptive changes have occurred in color science since the time that smartphones first appeared on the scene a decade ago?
The underlying theory was developed in the 19th and early part of the 20th century. Color information captured by most of our sensors today is based on a Bayer pattern developed in the mid '70s.
There has been some experimentation but on the hardware side of 'color' over the last decades there has really been just minor tweaking of spectral sensitivity functions, mostly trading off one desirable property for another. Is color information being captured today better than it was a decade ago? Have a walk on the wild side with the CCD guys ;-)
On the processing side, we are still mostly using color matching functions developed 90 years ago (the
'new' and improved 2006 CIE ones are based on experimental data collected in 1956). CAMs used today were developed over twenty years ago and are tweaked versions of earlier efforts. Do you know what demosaicer your raw converter of choice uses? The one in your phone? Does it matter? Mostly not, because wildly different state of the art algorithms have been really hard to tell apart for quite a while.
To find substantial differences we need to close the objective color science chapter and open up the perceptual image processing one (skipping the artistically pleasing but unrelated to science one). Most of these are old(er) techniques that are finally coming of age because of processing power that was not available 20 years ago. For instance floating point vs integer math, more advanced profiles, wavelets, etc. More powerful computing power also opens up the way to computational imaging, as discussed earlier (in-camera or in-computer).
So the reason that by-and-large LR Process Version 2003, 2010, 2012 and Current all look so similar is that the underlying color science has pretty well remained the same. And the reasons why many phone images look the way they do instead is because manufacturers (not all) are trying to appeal to the Instagram crowd, whose tastes change faster than you can say cool-aid.
Jack