http://en.wikipedia.org/wiki/Lithium-ion_battery#Modern_batt...
There have also been breakthroughs in the last five years to allow for massively faster charging:
http://en.wikipedia.org/wiki/Lithium-ion_polymer_battery#Tec...
Unfortunately, there's another discipline where energy density is important: explosives. The critical difference is in how quickly the energy is released, and as Li-Ion batteries show it isn't always as controllable as we'd like.
So improvements are being made and we're seeing them. It's just slow going.
Moving heavy things up hills or through air at high speeds requires a respectable amount of energy, and current technology is already within an order of magnitude or so to the theoretical peak efficiency.
Not a density breakthrough, but a UX breakthrough for sure.
Which means that unlike, for example, memristors, lithium air batteries most likely won't happen, and if they do happen, their happening will be a consequence of other research.
(Which is an argument why most research should be fundamental and open-ended, i.e. not directed towards specific outcomes.)
Also, I suspect that investors in this sector are hedging their bets and waiting for a clear winner to emerge before spending the big money.