I take this statement to mean: Academia is failing us by not providing us with the next generation C. If that was the intent, I think it's not a fair jab.
Academia IS actively investigating low-level languages: ATS, Cyclone, and typed assembly are all examples. But, it's not academia's job to create widely-used languages and tools. Sometimes they do create something that achieves wide use, but that's mostly a side benefit. Their job is to generate and evaluate useful "idea nuggets" that can inform future system builders and to train students to do novel systematic research.
There seems to be a common meme that academic CS is "out of touch" with what real developers need. I think it's mostly unfair: while the world always needs a slightly better web framework, compiler, language, etc., that's not the goal of academic CS; they aim to fertilize the ground with ideas that facilitate the growth of more big and small ideas.