Yeah we still use wedges and mics. All we've done is drastically reduced our stage volume and gotten a better quality sound. Of course, before IEMs, the only thing mic'ed were vocals. Some of these dives bars and restaurants didn't like our noise level . It also wound up being much less work and setup time.
A lot of bands, even the big boy metal bands have no concept that the more the stage is balanced and lower volume, with in reason, the sound guys can do much more. A lit depends on drum volume. Instead of mixing around it. Good smart move, especially in low volume venues. In the 80s I used to put a small concert system, 24’ truck filled to the brim, in large bars. No way anyone will do that in the 2000s. I pyro with flame throwers in large bars. They hired some bands just because of the kiss style pyro. Today, you rightfully go to jail. Things were bat sht crazy in the 80s.