The films we have available to us now are, in general, the best there have ever been. Both Kodak and Fuji have continued to improve their emulsions over the past few years. More improvement is possible, but what matters is what is available for use now. The current version of Portra 800 is a remarkable film for its speed, for example.
We have lost some of the fringe films, most of which were made by Kodak. The writing has been on the wall for a number of films for some time, and the surprise has been how long they stayed in production. I used to use a lot of Ektachrome 320T (EPJ) and it was fairly obvious that its time was limited. Fuji made nothing like it - Kodak made tungsten E-6 film in three speeds, Fuji made it in one. But EPJ was good while it lasted, and when it faded away without much publicity I missed it, but just increased my use of Portra 800 and NPZ (now renamed Pro 800Z) as well as 500T movie film.
Similarly with the tungsten negative films for still cameras: gone from the catalogues of both manufacturers. Kodak's version, being the only tungsten negative still film available in 35 mm, was once again the biggest loss.
I'm very surprised how long Kodak have kept Kodachrome in production (possibly not what I think Max thinks I think). Many of us expected it to be abandoned in the 90's, which was when the big switch to E-6 happened for most of us who had been using large quantities of Kodachrome. It's a great film, but it happens to be one that not many people want to use nowadays.
Movie film is a different matter. There is some remarkable stuff available now. There are some relics as well - though Fuji and Ilford abandoned the B&W movie film market, Kodak hung in there with both negative and reversal films. Super 8 almost died, but then revived. Now Kodak have promoted it to a professional format, and they have expanded the range of films available.
Scanning and digital post-processing have added to the potential uses of film, and freed it from some of its old constraints. For example, Kodak have produced two colour films that are unprintable by conventional means, but both remarkable for their time: Primetime in the 90's and HD Scan film now. Primetime was a bold move, and before its time - the idea of a film that was designed for scanning only was a bit radical. Fuji still haven't attempted it - I get the impression that they prefer safe bets.
Exciting times for film users, exciting times for digital users.
Best,
Helen