Blimey, how long have we got
You can divide The reasons for your observation into two parts.
Firstly we have the issue of compatibility.
Many early pre amps simply have too much gain and/or insuffient overload headroom for modern line level sources. This can result in the input stages being overdriven, plus making it difficult to control volume since everything useable gets condensed into the first fifth or so of the volume control range.
Channel tracking is often poorest at the bottom of the control range, especially with older controlls.
You might also have issues with connectors since many early pre amps used din connectors.
Lastly in this section, you have to consider the ability of an older unit to drive a modern power amp. Tube units in particular might struggle into a modern SS power amp for reasons of insufficient level and generally lower input impedance on power amps these days.
Assuming the above arent issues or can be overcome, we come to the second part of the answer, which is fashion and prevailing opinion.
Certainly in audiophile circles there has been a move away from complexity and the provision of all but the essential facilities - volume, input selection and if you are lucky, balance.
There is also the issue of circuit complexity which in recent decades has been deamed by many audiophiles to be proportional to bad performance - more complex = bad sound.
This is a real shame and completely wrong-headed thinking IME.
What looks complex to the eye is one thing, but all that matters is the impact on the signal and we can analyse that easily enough. Electrons, being rather dim, annoyingly don't follow rules established by human perception.
I never consider circuit or design complexity in connection with audio quality.
The only question should be 'does this work and is it doing what I want?'
So it's partly technical factors of compatibility and partly fashion driven.