My impressions is the neglect comes from having done all the useful things it could do ages ago, and not finding anything new to help with in the areas of science that gets funding.
The state of the art interferometry arrays are ASKAP and MeerKAT currently, in the sense of being the newest and being precusors of the SKA which is the biggest project right now.
In terms of best in class, it varies with the specific frequency and which bit of the sky you want to look at and also with what you consider an observatory: the Event Horizon Telescope that resolved the M87 black hole has the worlds best resolution at their mm wavelengths, but it's really a bunch of existing telescopes collaborating and not a purpose built facility.