They're vastly improved. I have a couple of friends who use modern systems and they do seem to work well. Not sure on running costs.
Installation does require some dedicated circuit installation, but is far less of an impact than trying to use an ASHP.
If our gas boiler does require replacement I'll certainly consider storage rads. Article comparing new vs old:
https://21stcenturyheating.co.uk/advice/storage-heaters-differences-between-older-and-newer-models/
Why can't we plug them into a normal socket with a time switch set to come on when the electricity's cheap?