For the Navy, a Horizon 3 conversation would not be about better carriers and aircraft. Instead it would focus on the core reasons the Navy deploys a carrier strike group: to show the flag for deterrence, or to control part of the sea to protect shipping, or to protect a Marine amphibious force, or to project offensive power against any adversary in well-defended areas.
Carriers are vulnerable and probably cannot be protected enough to survive an all out war. Too often the conversation gets side-tracked by this debate. However, carriers are very useful outside of war for projecting power and influence around the globe, so they are still very useful.