Personally, I'd say this is a point of view, or a framing, that is relative. IMO, it's not that climbing specifically has been de-emphasized, it's just that the downhill experience has been emphasized more. Glass half full, etc...
Downhill issues have gotten a ton of attention, because there were problems to solve. Suspensions and geometry are making bikes a lot more stable feeling on descent. Try renting a 29er with a longer wheel base and a six inch suspension, and go down one of those previously risky feeling hills, you'll be surprised how much less risky it seems now.
Uphill issues have gotten relatively less attention, because, perhaps, a climb is a climb. There's little that can be done to improve climbs. Except suspensions are pretty good at firming up on the fly. And dropper post seats are amazing at being able to switch from descent to climb instantly.
In other words, climbing on today's mountain bikes is better - slightly better - than it used to be. Going downhill today is much better than before.