I think something has to be mentioned regarding EMI. There is A LOT more EMI these days than years past. That might affect older units under certain circumstances as they weren't designed for todays conditions. Then again, they were sort of natually shielded with their robust design (I do think machines like a Nautilus with their steel construction probably gets good shielding.)
Picking up lots in the ground, I think, might be a combination of power and the faster and faster recovery speed we are now seeing. Also, the units with frequencies that are 15khz and up, seem to pick out those really small particles in the ground. (After all, that is where gold machines operate). I'm really no expert here though, but have seen this topic come up on occasion.
I think the difference we are starting to see now, is the mid range detectors getting very very close to (if not the same) depth as the high end units. You can add the Garrett AT Pro to that list too.
Regarding EMI interfering, I think the companies should shield their units better, but perhaps they can solve a lot of those problems within the electronics. Units today seem mostly made out of plastic, though I'm not sure how well shielded they are underneath. Also, as has been discussed here, the coils are shielded with a spray as well. Some new and very fast as well as fairly powerful units seem to be running quite quiet these days.
I do think present day units get better depth around iron though, probably due to advances in electronics , playing around with timing, etc. as well as the recovery speed. Anyway, the old units don't go as deep in iron as present day units. I'm pretty sure there.
I think the next great advance we are seeing right now, mid priced units giving more bang for the buck. This is probably due to the parts becoming cheaper along with the technology just getting better. I have a feeling next year will be interesting and some recent detectors (like the AT Pro, Omega, etc.) are pushing manufacturers across the board. Minelab and Tesoro better be working on a release as with the Minelabs, why spend 2X as much money for roughly the same depth? (For general conditions.)
Sorry if that was disjointed and all over the place...