Even library developers are pretty good at pumping out versions of their libs that have support for even Delphi 5. I know of at least 2 people who are still doing windows dev on Delphi 5 or maybe 7, I can't recall.. the very definition of "from my cold dead fingers".
Suffice to say if you were one of those real hold-outs, not updating to the latest.. you wouldn't have generics, dynamic arrays, lambdas/anonymous functions, and you would probably struggle to grab much code written in the last decade and compile it straight up.. but that would probably be the case for a number of languages that have had core features added to them over time.
The fact that the system is proprietary certainly is an issue, but every install always ships with all the source code of the RTL, VCL, and clear instructions on how to compile it with a "you're on your own now" sense of adventure.