As for the high performance kites, they are developing with the new Gaastra and Naish X2 kites with a longer hangtime. The ARX has a lot of power to boost you up in the air, but the new ARX, called X2, has the same power but gives you more time in the air. With the ARX you were back to the water earlier than with the X2. Same with the Gaastra GXS.
All kites look like that they have good quality and materials, specially the Naish Aero with its new material.
There might be a trend to more fins on the board and boards which are a hybrid of twintip and directional (Naish Mutant, AHD Etik). At the new video "breaking wind" you see many of these and I saw a good rider in Fuerteventura, who was riding in the worldcup with this kind of board.
See the pictures of the fair Boot 2002 for the latest equipment.