One must distinguish between two comparisons of socket-outlet circuits: Ring vs. Radial, and 32A vs 20A. If aggregate leakage is a problem for 32A rings it is also a problem for 32A radials. It would be a shame to abandon the 32A circuit, it does so much more than a 20A circuit. Two, three times more, due to the much greater diversity. And we've put so much effort into making it possible, with our fused plugs.
Functional leakage has always been there; it comes (capacitively) from cables as well as suppressors in appliances. Progress with SMPSU design could ultimately reduce the functional leakage per unit, compensating for the greater number of appliances in use. FWIW, in the specific context of high leakage, rings (used with dual-terminal fittings) actually offer an advantage over radials in providing a high-integrity earth connection by default.
So my personal opinion is no, it's still a viable approach.