'Flatwater freestyle is practically dead' is an absolutely absurd statement (said with no ill will). The truth (as I see it) is flatwater freestyle is in its infancy. There is an absolutely vibrant, healthy and growing market for aftermarket hulls, MAG pumps, and bigger motors for flatwater. Most people do not live near a good surf break or any surf break for that matter. Most get to ride on ponds, lakes, streams, and rivers. Consequently many people are interested in maximizing their flatwater fun.
New tricks and variations are coming, but that doesn't mean backflips are dead. Yes, maybe they are passe' in some circles, but why all the hating?
Flatwater freeride isn't growing... and if the metric you're using for success is the amount of money that a small segment of the market is putting into their machines, that's a horrible way to measure things. There are fewer riders, fewer sponsorships, fewer aftermarket companies, and fewer competitions than ever before... there's no denying that.
Right now, one of the biggest barriers to entry for riders is the price of a competitive machine, which is why racing is seeing consistent year over year growth in the "spec" classes, while the freestyle competitions continue to get smaller. You're never, EVER, going to see flatwater grow unless the price of the machines comes down to near stock boat levels, and even then, you're pushing it... unfortunately, the prices for a competitive flatwater machine have continued to go the other way for as long as I can remember.
I can see how, Chris, could see this as a positive... but you're in Central Florida, in the middle of a group of buyers with deep pockets, and water to ride on within a couple of miles in any direction. (I live here too) In short, your view is skewed... you know 2 or 3 hull builders, engine builders, and ride with a group of guys with shops of their own, sponsorships, and/or deep pockets for the most part.
You've gotta look at the bigger picture...
It's practically dead. We're not on TV, all our magazines have disappeared, shops continue to close, and there are no more stock stand-ups being sold... and even guys (like me) who want to go out and watch competitions never hear about them until after they've already happened. There isn't a single measurable metric that points to this sport growing...
It's almost dead. It's a tiny niche, and it's going to continue to be for the foreseeable future...
-G