If a new MOD format is to be made, it has to support stuff that you'd expect for a realtime music platform, like plenty of mixing and realtime effects. Most soundcards can only do that stuff for MIDI, and doing everything in software makes for some pretty complex players that rival an entire audio mixer in a typical OS. It would be a pretty big project just to get the technology into place, like, trying to write a whole new MILES(tm) clone with a music format attached.
Then again, I'm an audiophile, and I
hate the terrible quality of audio on modern PCs, so my standards and expectations are pretty high to begin with. Audio and color management, on all modern computer platforms, pretty much sucks in every department.
Why do people keep on using Photoshop or Paintshop Pro or any other IMAGE PROCESSING software to create isometric graphics for the web? Instead of using programs that are perfetcly suited for handling pixels?
Because they don't know better.
I have the same problem as I am a cartoonist. Photoshop is good for photos but it is a ROYAL pain for doing flat-colored images with hard edges. Even painter is a pain. That's why I like oekaki, though those Java applets are anything but powerful and stable.
Yeah, it's funny how the only way to do old-school stuff is still with old-school tools. :-)