What are the brands of speakers or components that were once significantly better than they are today? Polk, Boston Acoustics, Bose? Keep them coming and explain why!!!
Threshold, Marantz, Mark Levinson, Martin Logan, Pass Labs, Revel, B&W, lots of others. The problem with the question is relativity. Rega was once the 2nd best turntable, for example, now they don't make the list at all.
The other problem is that many people don't get the distinction between sound reinforcement, pro audio gear and that designed to reproduce music. JBL and Klipsh for example have never made good speakers for music reproduction. DJ turntables sound aweful compared to a Pro-ject or Clearaudio.
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