Is Chanel No.5 Obsolete?

In trying to understand why Chanel didn't do anything special about the No.5 anniversary leading up to the 5th of May 100th anniversary of its introduction, while reading Elena Knezevic's honorary review on No.5, I came to consider a couple of things. This article started as a comment on said review, but it soon extended to such a length that a fuller exposition was needed, and I gathered maybe yo...