Could be; we don't use Matlab much in my own research area, so recent change could've happened under my radar. When I've occasionally had contact with engineers in industry, though, Matlab still seemed to be everywhere. The most recent two examples were someone doing DSP, and someone doing mechanical engineering, and both had all their stuff built on top of Matlab+Simulink.
You may be right regarding Professors, but that is also changing as they age out.