Earlier quoted context omitted.
Every time Intel has tried to more away from x86 (i960? Itanium? Maybe others...) they end up coming back. The years of backwards compatibility are a big selling point.
There is value in the fact that the instruction set is an abstraction. CPU's built with more low-level instruction sets became obsolete faster because they couldn't adapt to new features and maintain compatibility as easily.
x86's longevity is due to the amount of money thrown at the problem. You could surely start with a much cleaner instruction set like the M68k and wind up with a same-or-better result after spending billions on multiple projects to invent new ways of ameliorating the complexity of the ISA, some in parallel, over time.
Or you can start by eliminating most of the decode complexity and not spend those billions, like ARM.