The USAF was well aware that it would not be able to preserve the impunity with which F-117s flew over Baghdad in 1991, but that was never the objective.
Shaping remains by far the most important factor for reducing radar cross section, followed by the use of radar-absorbent materials (RAM) in the airframe and the application of a RAM coating on the outside.
The F-35, for instance, gets most of its RCS reduction from shaping and the composition of its fuselage, and was designed with extremely low tolerances in order to rely a lot less on needing a top coating to cover seals, rivets, etc than earlier LO aircraft. So even when the LO coating degrades, as it does on long operational deployments, it doesn't catastrophically increase the F-35's RCS.
That's an example of the sort of incremental improvement I'm referring to. The F-35 has come a long way in terms of LO from earlier US aircraft. Compared to them, it needs a lot less RAM coating, it can use less hazardous materials for that coating meaning you don't need as much specialist equipment to apply it, and it's more resilient to materials degradation. Those are all things it's somewhat difficult for even peer competitors like China to catch up to.