My understanding of the luxury cycle is that as soon as everyone can afford a decent replica of high-priced items, the replicated qualities become outré. By that metric, stainless steel and granite have to be on their way out; the only thing more ubiquitous in the American kitchen is the George Foreman grill.
On the other hand, maybe in 1948 I’d have been saying that wall-mounted cabinets were a passing fad.
I dunno. I wasn’t around in 1948, when they built this house I live in, but I suspect that even then, hanging cabinets on the wall just seemed like a sensible space-utilization practice. Of course, the one distinctly non-period feature of the kitchen a section of wall between kitchen and living room now has a ginormous rectangular cutout, and a breakfast bar (with track lighting!) has been installed therein probably made no sense to anyone but a previous owner. And, of course, me.
Truth be told, if I were actually looking for another house, I’d ring up Trini and ask her to evaluate kitchens for me. She’s good at that.
Oh, and granite countertops release radon.
Disclosure: I own a George Foreman grill. Also, Firefox 3.6.23 spell check doesn’t bat an eye at “ginormous,” but frowns at “countertops.”