DISCLAIMER: I'm not a computer scientist
I'm a self-taught programmer which means that I don't feel qualified to answer the cs questions, nevertheless, I think I can answer your question.
First, thinking that "the new stuff" is the same as the exciting stuff is wrong. The exciting stuff is the stuff that excites you and not necessarily the new stuff. For example, the principles behind the modern web apps aren't exactly new (client/server, CRUD), and yet, you had a love affair with rails :)
Second, there are two kinds of "the new stuff". The first kind is the stuff that's a new development in cs, the second kind is the stuff that's new to you. If you focus on the second kind you'll see that there's a whole new world out there waiting to be explored and conquered. Scratch that, there are worlds upon worlds of potentially exciting stuff waiting for your attention.
My advice is to keep looking.