As far as I know, BTX (ATX's successor) motherboards are already available out there but are rare. BTX was designed as a replacement because of the heat generated by modern processors at the time. The fact is that modern processors now are much more efficient and so generate less heat making the newer BTX form factor worthless
BTX was, as already mentioned, designed to be the most thermally and electrically efficient design(e.g. shortest pathways for data etc), unfortunately it also meant that many components or plugs seemed to be in pretty stupid/awkward places from the few BTX motherboards that I've seen.
ATX has done not too badly for a standard that has been around for probably 10+ years now and I don't know of anything on the horizon that is likely to gain dominance just yet.
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