Why is RISC-V even so hyped up/successful? Other open ISAs precede it, and AFAIK the code density that RISC-V allows is disappointing considering the designers had an opportunity to start from scratch.
There's various reasons for a new ISA. The most appealing right now is the patent pool. Most other open ISAs are explicitly patent encumbered (recent MIPS versions) or provide zero protection (openrisc). The chances of getting sued over RISCV seem very small until you start moving to non-ISA parts of the chip.
For an ISA to succeed, the ISA itself is a distant second to the ecosystem as x86 shows so well. The amount of money an R&D being poured into RISCV would single-handedly be enough reason to adopt.