As much as I like LaTeX, I think it has outlived its usefulness. Let me elaborate a bit...
LaTeX is pretty good for typesetting lots of text, like novels, if you want to output something that looks professional without much effort. It's also good for typesetting lots of mathematical formulas, as the GUI alternatives are pretty tedious to use and the result doesn't look as good.
It's also interesting as a template language, to produce documents from applications, but here's where it starts to become obsolete: there are a lot of alternatives to do this that don't force the person creating the templates to be technically-inclined and having to learn LaTeX.
Also, LaTeX becomes downright irritating when trying to make complex documents. The rules say you let LaTeX choose the looks of your document, while you focus on content, but it's impossible not to spend hours fighting it because it's not breaking pages or placing figures where we want it to (and iterating over this endlessly as the document is modified). You just cannot force yourself to let LaTeX do everything by itself.
So, it's useful for novels (which might as well be written in plain text and let the publisher do the typesetting) or documents with a lot of maths (which are nowadays most likely also complex documents that cannot go without human intervention to look good.)
I like LaTeX for the technical aspect of it, but in the end it's just a tool do accomplish some goal and, sorry, but Word doesn't consume that much resources anymore on a modern machine...