Yeah, I wonder too if much of this new gear is just made to appeal to people who want to look like backpackers and not for people who want to do the AT or other long trails.
Jansport has a retroversion of their D series pack if you like orange--but it is a 'real' pack.
Externals do usually weigh more empty but excel in carrying heavy and bulky loads comfortably. The real question now is: do I need to carry a 'comfortable when heavy pack' when my new gear is so light and compact? Yes, pockets are nice, but my walking style with my lighter pack has change so that I really don't unload most stuff until I make camp, so having one big bag is not as bad as it once might have been. My old Jansport is now my bug out bag and weighs in at about fifty pounds with enough gear and supplies to take care of me in style for about a week and form the basis for an emergency extended stay away from home should the need arise.
My REI Ridgeway is a good compromise as it has an aluminum frame around the perimeter that works very well to transfer weight to my hips without the bulk and weight of a full external frame.