And then it just... never happened. 20 years went by, and most web products are still CRUD experiences, such as this site included.
The funny thing is it feels like it's been on the verge of becoming mainstream for all this time. When meteor.js got popular I was really excited, and then with react surely it was gonna happen - but even now, it's still not the default choice for new software.
I'm still really excited to see it happen, and I do think it will happen eventually - it's just trickier than it looks, and it's tricky to make the tooling so cheap that it's worth it in all situations.