Sam,
What do you mean better lens? Better than my German lens on my old 35?
I started a new thread because the conversation was drifting to photography on Ray's engraved Centofante thread. Sorry about that, Ray...it was my fault.
Glenn: Lens technology continues to improve every year. Today's lenses have improved coatings which reduce glare and increase color and contrast, and today's pro lenses use low dispersion glass in certain elements which cause the primary colors to intersect correctly on the film plane (or sensor). This reduces or eliminates 'color fringing' and increases sharpness by a lot.
Aside from the glass itself, pro lenses are often moisture resistant, have incredibly accurate (and FAST) autofocus systems, and built-in image stablization which allows hand-holding at absurdly low shutter speeds.
The really exciting thing for me is improved camera sensors. What used to be considered useless film speeds (ASA/ISO 400 and above) can now produces spectacular images thanks to the new sensors. Canon just announced a new one today that's supposed to shoot quality images to ISO 3200 with an ISO 6400 option. I've shot a ton at ISO 1600 that are extremely sharp and crisp.