I would only say ... and my opinion is obviously biased ... yes, Velodyne is still a good brand. We still specialize in home subwoofers, we are the same family run independent company we were when your old subwoofer was built. There are many more competitors today, some may offer value, some performance, some a bit of both at the end of the day, after 31 years, Velodyne is still a part of the conversation when it comes to quality subwoofers.
When in comes to audio there are seldom right and wrong answers. The opinions of "experts" are just that, and should be used as a suggestion only. Remember at the end of the day it is your money, your system, and you will need to listen to it.