I agree with Hardie, and I think it has already! The accessibility of high speeds has definitely filtered down to ordinary sailors (and little old men).

I think the biggest thing in the last 4 years has been fins. The development of these computer designed and precision moulded/CAD machined assy fins from Mal Wright and Chris Lockwood has made at least 6 knots difference for me and made a huge difference to the accessibility of speed in less that ideal or nuclear conditions.
Next would be the sails (well, the whole rig really). They have advanced a huge amount in the past 5 years. Something we take for granted a bit I think. This has made the biggest difference in control, giving the confidence which allows one to push harder when conditions are really good. And look at the speeds we can regularly achieve in less than 30 knots of wind now! Sail efficiency has gone through the roof!
The third side of the equation is small and user friendly production speed boards. They are such a
huge improvement on the long, narrow speed needles of the 90's and have also contributed to much more consistently high speeds in relatively moderate conditions, but amazingly, they have that fifth gear to handle the sensational top speeds we see from the top few in the world rankings!
I think these is still plenty room for all these things to develop incrementally even if there are no huge breakthroughs. And remember that there are far more guys accessing this equipment and the fast speed strips now, which means that on those rare occasions when all the natural elements come together in the perfect combination there is a far greater chance that someone, somewhere will be in just the right spot, at just the right time, on just the right stuff to blow our minds yet again!

Bring it on!