This topic is laboring under some misapprehensions with regard to Go history. Let's check the facts (at least as they appear in my database!

).
I have 5,159 games with the position below (from even games played through 2016 and ignoring color). As noted in the thread, the hanging connection at "a" is more frequently seen (1,049 games, B winning 46%) than the solid connection with "B" (704 games, B winning 49%). However, the real "modern variation" was not "a", it was the approach move at "c" (1,922 games, B winning 52%).
- Click Here To Show Diagram Code
[go]$$Bc The starting point - 5,159 games
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$$| . . . O . . . . . . .
$$| . . O , . . . . . , .
$$| . . O X . . . . . . .
$$| . . X b . . . . . . .
$$| . . . a . . . . . . .
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$$| . . . . . . . . . . .
$$| . . . O . . . . . , .
$$| . . . . . c . . . . .
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$$+ - - - - - - - - - - -[/go]
Beyond that if we look closely at the joseki discussed in the thread...
This is the most frequent actual continuation from the direct hanging connection (359 games, B winning 51%). The simple extension with White playing the large-knight's move appears 243 times with B winning only 40%. That unsatisfactory performance is what led Black to switch to approaching from the other side at "c" in the diagram above.
- Click Here To Show Diagram Code
[go]$$Bc The real "modern variation" hanging connection
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$$| . . . . . . . . . . .
$$| . . . O . O . . . . .
$$| . . O , . . . . . , .
$$| . . O X . . . . . . .
$$| . . X . . . . . . . .
$$| . . . X . . . . . . .
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$$| . . . 3 . . . . . . .
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$$| . . 1 . . . . . . . .
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$$| . . . O . . . . . , .
$$| . . . . . 2 . . . . .
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$$| . . . . . . . . . . .
$$+ - - - - - - - - - - -[/go]
The solid connection with the high extension shown below actually appeared more often than any single variation of the immediate hanging connection (438 games, B winning 50%). Note that White often played tenuki here. If White did approach it was at "a" (190 games) rather than "b" (3 games). And sorry Bill, against the star point Black played the low extension in only 98 games, winning 44% of them.
- Click Here To Show Diagram Code
[go]$$Bc
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$$| . . . . . . . . . . .
$$| . . . . . . . . . . .
$$| . . . O . O . . . . .
$$| . . O , . . . . . , .
$$| . . O X . . . . . . .
$$| . . X X . . . . . . .
$$| . . . . . . . . . . .
$$| . . . . . . . . . . .
$$| . . . . . . . . . . .
$$| . . . X . . . . . , .
$$| . . . . . . . . . . .
$$| . . a . . . . . . . .
$$| . . b . . . . . . . .
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$$| . . . . . . . . . . .
$$| . . . O . . . . . , .
$$| . . . . . . . . . . .
$$| . . . . . . . . . . .
$$| . . . . . . . . . . .
$$+ - - - - - - - - - - -[/go]
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Dave Sigaty"Short-lived are both the praiser and the praised, and rememberer and the remembered..."
- Marcus Aurelius; Meditations, VIII 21