I spent a few years on the ultralight bandwagon in the late 2000s, and it allowed me to do some truly epic solo trips that otherwise wouldn't have been possible.
I still dig on the less is more mentality when out on the trail, but as I age my backpacking trips have become less about maximizing distance and more about maximizing the experience. My current sleeping pad, for example, weighs a whopping 44 ounces but is just as comfortable as my bed at home and can be used straight on top of snow (R-8 all by itself).
That sort of little luxury has become important to me. I carry more coffee and spices on my trips than I used to, even though they are needless weight. I've had to upgrade my packs to something more substantial to allow for unusual requirements like carrying skis or pulling sleds. My base pack weight has definitely crept back up over the last ten years.
Some of my ultralight gear has held up better than others. I never found a truly lightweight water storage solution that was worth diddly squat, and I wore out a couple of lightweight packs. My two pound summerweight down sleeping bag is still in good shape but it's really only appropriate for the nicest of nights at low elevation, I learned after spending too many nights in it while also wearing every article of clothing I had with me.
By contrast, my ultralight tent (Golite Hex3) is still going strong and one of my favorite pieces of gear. And I still use my alcohol penny stove and walmart grease pot combo for any trip that only requires cooking two meals or less, that thing is money.