Now I look at VS Code (Disclaimer: I haven't looked at the source code of Electron), and there doesn't seem to be much innovation visually. Most IDEs seem to follow the layout of websites - a left sidebar, a main section, and an optional right sidebar, with a footer.
Note: If someone here builds a different UI for IDEs, I will be an enthusiastic beta tester.
Behind the user interfaces, a lot of things have changed for the better. Integration with other tools in the DevOps pipeline, ability to test quickly, autocomplete tools that understand frameworks, technologies and even contexts - all that has happened behind the scenes.