Truly innovative designs don’t actually use RISC encoding and hide the details of instruction encoding. See for example NVIDIAs PTX , which gets mapped to hardware specific instruction streams, which are nothing like a traditional RISC architecture.
To me RISC-V is another example of how open source often produces lowest common denominator copy cat versions of ideas that are 30+ years old. Just like Linux. The sad thing is that this often kills innovation and locks in suboptimal designs for a long time, because it is hard to compete against something that is free.