It was also popular in the 80s, 70s, 60s, and yes, the 50s. Everything old is new. The real question is, "Why did people switch to single stage amps in the 1990s and 2000s?" The answer is that a bunch of chips appeared on the market around that time which could do everything.
I'd say a higher end DAC/amp would consider it. My Benchmark devices (which nwavguy uses as a reference to build his O2 and ODAC) does it the right way.