Whether you like the items they are coming out with, it seems that the smaller or "second string" firearms companies are the ones who take risks and come up with innovations. I don't care for the Judge, but I don't think the quality is lacking. I've tried my brother's Kel-Tec 22mag semi-auto pistol - the PT32 I think - and it's a hoot. Great shooting gun, and very clever design. I expect some of the "better" names in the firearms industry will soon be copying this model. The Kel-tec 14round pump shotgun with two tubes and selective feeding from whichever tube you want is pretty slick, too.
My take on the whole market is this: S&W perfected the modern DA revolver more than 75 years ago. Colt ironed out most of the bumps in the SA revolver design, and Ruger resolved the rest. The 1911 and Hi Power are the top of the semi-auto evolutionary chain in my book, with the polymer trend being a material change, not a design change in semi-auto design. There has not been a significant design innovation in the handgun field for a very, very long time. What real innovation do we expect, anyway. The lack of frame-size flexibility means number of rounds in revolvers is not likely to change much. We can't get much hotter than the 500s&w mag, or the 460, without going to a stocked revolver. The ergonomics of the human hand hasn't changed in the past 100 years, so grip design and trigger arrangement are pretty well fixed.
All things considered, it seems like the solid projectile handgun reached it's peak quite a while ago and is not likely to present us with anything mind-blowing or great until lasers or sonic weapons reach the market. It's sort of like rock music. After the late 60's, and early 70's, rock seemed to have exhausted the creativity vein, and most of the artists that really mattered after that were/are throwbacks to some previous group. Same goes for semi-autos and revolvers, at least in my book. A S&W N-frame, a Colt 1911, a Ruger SuperBlackhawk, or a Browning Hi Power. It isn't going to get any better than one of these. You can add strength to the Blackhawk (ala Freedom Arms), tweak the tolerances (ala Kimber, Ed Brown, ...etc), make the darn thing out of ultralightweightium (ala scandium and polymer) but the basic designs are as good as it gets.
Hand+steel+lead. How many variations of this equation can there be?