[havelhovel]

For the most part I agree with you. I think the popular watch companies (Omega, Rolex, etc.) are resting on their laurels, but perhaps in part because that's what their consumers want. I credit Zenith and Seiko with making their more recent advances accessible to wider audiences. However, most innovation in mechanical watches, unfortunately, is currently too expensive or niche for wide diffusion. Check out companies like MB&F, Urwerk, HYT, and Ressence to see what's being done.

[ymolodtsov]

They aren't resting, they are proactively building on that legacy they had. In fact, Omega suffered a lot because they tried going too deep with their quartz models.