Not really. It has often been tried to find something better, but there really isn't. It works decently on Apple because they set certain constraints and standards. But overall it is like saying a table of contents in books is antiquated. You don't need it for belles lettres, sure. The analogy doesn't fit too well, but there a similarities.
It is actually the most simple way to present structured information. It is not optimal, but decently approaches it. This is a reason why it is so successful and to my experience even normal users don't have too much trouble with it. Alternatives obfuscate this for everyone.