There are actually a lot of factors here, although if I had to sum it up in one, it would be "the hardware can support it." But more seriously: 1. There are a lot of security mitigations in modern Windows that add sometimes substantial runtime overhead, but offer significant protection. Writing an exploit for modern Windows is hard compared to XP SP1 and below. 2. The graphics are a lot more sophisticated. Animation…
Strong disagree. Borderless icons floating in a sea of flatness is not "more sophisticated" by any means than the fully-customisable UI which was common in the XP era, and the huge amount of "skinning" that was also very popular. Transparent/translucent effects became common with Vista and that was run on the GPU, which was in general much less powerful than the ones today.
I'll add a 5th point: Thanks to a low barrier to entry, the average developer now is much lower quality than the average 20 years ago.