The Dell Inspiron Mini 9 was the next really good netbook.
After those, Apple introduced the Macbook Air which came in a 11.6" size. Even Linus Torvalds owned one.
Chromebooks have now taken over the small and light segment replacing tablets as well, but they're locked down and all-in on Google compared to the old netbooks which let you run anything, so they're not an ideal replacement.
I don't think netbooks will be back. When you look at something like the Raspberry Pi 4, it's way more powerful than the old Eee 701 was and the Pi is a very small form factor. If a manufacturer thinks there is a market for it, they could encapsulate something like that in a keyboard and screen and give it Linux as an open OS. So why won't this happen you ask? It's a tough call because the competition for netbooks is actually smartphones. A student writing a paper, all they need is just a bluetooth keyboard and something to lean their 6.7" phone or tablet against.