I think most of the "newer" boards are being created to work better on bigger wakes (more rocker, 3 stage, etc.). Example: The LF Team is basically a Trip with more rocker.
In my experience, LF boards are light, snappy, and fun to ride (I pretty much have only ridden LF and HL). That's important if your wake isn't super huge. If you have a huge wake, you might be more interested in a board that just lands good (for example). On a small wake, it's also really important to edge all the way up it - the LF Trip/Teams are good at that. If you have a SuperAir with 2000lbs in it, it doesn't matter so much how you edge.
Between the Trip and the Team I prefer the Team. The LF Trip rides really flat (tail high - nose low) and seems to land hard for me. The Team rides at a better attitude (angle). Out of all the boards I've ever ridden, the LF Squirt 32 gets the most pop on a small wake, I'm 150lbs. It's small and squirrelly and now that I'm riding a bigger wake, I like a larger board for stability.
Another thing, in my opinion, Hyperlite boards are neither "Hyper" nor "Lite" and they just don't feel like the water flows correctly under them. LF boards seem to "work" much better, loose when flat, locked when edging. I've tried the 01 Belmont, Lots of LF boards, and 3 or 4 other HL boards. The new HL boards may be different, but I've always been disappointed by them.