Lens design has improved over the last few years; 10 to 20 year-old designs, designed for use on film cameras, do not deliver the final light rays perpendicular to the sensor, which was *not* a problem with film, but which *is* a big problem with sensor wells, which tend to show very bad peripheral light fall-off (aka vignetting) when the light rays from the outer circle of the lens's image circle hit the sensor at an angle and not straight on. Olympus, for example, has designed an entire, brand-new set of lenses, all from the ground up, which are what most people refer to as "designed for digital" use, meaning that even in their wide-angle designs, the lenses deliver the light rays perpendicular to the sensor, ie "straight on."
Regarding the Canon 85mm f/1.2L versus the Nikkor 85mm f/1.4 AF-D: it's not clear that the Canon is the better optic: the Canon has absolutely horrible chromatic aberration at its wider aperturtes, and creates some weird, swirling bokeh. The Nikkor lens has smoother,creamier,rounder bokeh than the Canon 1.2-L, and the NIkon focuses much,much,much more rapidly, and can actually be used for action work, whereas the Canon is a dog in terms of focusing speed. As far as the Canon 85/1.2-L being a bokeh champion, the Nikkor 200mm f/2 absolutely blows it away. On things like specular highlights or highlights on sunlight coming through trees, the 1.2-L creates an awful bokeh signature, but the 200mm creates an impressive, round, smooth bokeh signature. This one is a no-contest, and that makes sense, because the 200/2 is a no-holds-barred lens design with a $5,000 price limit, whereas the 85mm is a real-world design, with a $1,700 price limit on the design. Many people might argue the Canon 85 1.2L is the best bokeh lens, but then, they don't own the Nikjon 200mm f/2 either...
The idea that old versus new is not applicable doesn't make sense: currently, Canon is in the process of re-designing its lens lineup so that their lenses will work well on newer, higher-density image sensors. Canon just finished redesigning its 24mm and 45mm Tilt/Shift lenses, improving their optics and adding lens elements, for better correction and higher resolution. Canon just re-designed its 100mm macro lens, to bring it up to L standards.
The idea that an autofocus lens can "never be as good as manual-focus designs" is a fallacy: the top-line internal focusing AF lens designs move very small, lightweight focusing element groups, much like the Nikon internal focusing lenses invented in the 1970's with the 400/3.5 ED-Internal Focus premiered at the 1976 Montreal Olympics. By using small,light, internal element groups to focus, there is very little "play" in the mechanism, and the accuracy of the autofocusing systems in top cameras ensure more accurate focusing than manual focusing cameras, so the "advantage" of a manually focused lens often evaporates because the human focusing it cannot actually get the danged thing into accurate enough focus to realize the theoretical ( or hypothetical) "advantage" manual focusing lenses allegedly have.
One of the clearest examples of why we need "new" lens designs can be seen in one, specific camera: the Canon T2i: its small, high-density sensor makes many Canon lenses look like crap.