Nope and nope. Pop was crap when I was a kid and when my parents were kids. No better, no worse today. By definition, it's lowest common denominator.
Free jazz was great, but it got played out. There is no modern Ornette Coleman or Andrew Hill. Fusion, ditto, there's some fine players out there, but they're not doing anything that would have been revolutionary or innovative in (say) 1978. Bop and more traditional jazz was pretty much over before I came of age. Sure, I got to see Dizzy and Rahsaan and Mingus and Sun Ra many times, but they were already dinosaurs.
There's some very interesting and innovative things being done in Metal, but in my view, that's different than rock (which played out long, long ago).
Want innovative? Look at some of the stuff on
@scott wurcer 's playlist. The stuff that occupies my queue these days is entirely different than the music of my youth, but not as out-of-the-mainstream as Scott's preferences.