Operating systems research, like in most things, falls into two categories. Finding new techniques to accomplish known worthy goals, and finding new worthy goals to accomplish. Respectively, practical research and basic research.
Research is distinguished from OperatingSystemsDesign, which is conceiving of the concepts which reconcile the chosen goals within the limits of the technology. Which is in turn distinguished from OperatingSystemsImplementation.
OS Research is almost completely dead. And what precious little research exists is almost all practical. Even research into very basic questions tends to be completely perverted by practical considerations. For instance, Rosenblum's basic research into log-structured filesystems was focused on their read-write performance characteristics instead of their novel properties.
As far as basic research into operating systems, something that might hope to uncover new OperatingSystemsDesignPrinciples, the field is dead. Not even zombie undead but dead dead.
By that I assume you mean there's still 30 years worth of practical research to incorporate into working systems before we do more basic research?
There's still 30 years of basic research to incorporate into working systems, nevermind the practical research.