No, it will keep smoldering as long as music remains semi-detached from art to make it a viable consumer product for the sheeple.
I very seriously doubt that Paganini, Reinhardt, Segovia, Polfuss, King, Page, Van Halen (and this list goes on for miles) were trying to cop anyone`s tones and imagine being them in front of a mirror. It took at least until the 70s when electric guitars were becoming more and more of a mass market / "every household needs at least one" items and musicians were given more and more high profile media coverage for this trend to start.
Kill the whole corporate arena rockstar charade, and people will start trying to sound like themselves again, which is what playing guitar SHOULD be about: expressing yourself, not parroting someone else