I had a similar realization during grad school about a lot of the popular topics at the time (early 2000s). I even used to call them "the hoaxes of computer science". Things like grid computing or formal methods of software engineering had a lot of resources behind them, but nobody was able to use the results. Instead, very different formats of these ideas are what took root: cloud computing and advanced type systems.
> the low end eats the high end: that it's good to be the "entry level" option, even though that will be less prestigious, because if you're not, someone else will be, and will squash you against the ceiling.
I wish every grad student had been forced to memorize this statement. Build something useable, not clever.