Speakers are "hand tuned" just as much today as they were in the 1970s, 80's or whatever - that procedure is called voicing, and is a routine step in the development of a new loudspeaker system.

It is worth mentioning that the Audyssey and Trinnov processing schemes incorporate equalization as part of their processing, so yes, equalization is still alive and well.

Outboard equalizers are still mandatory in systems such as mine which use active crossovers instead of the passive crossovers in conventional systems. In this case, equalization takes the role of the voicing which would normally be part of the transfer curve of the passive crossover network inside the speaker.

Personally, I have never heard a system equalized by the Audyssey scheme which sounds nearly as good as a system utilizing a conventional graphic equalizer in the hands of an experienced tuner using good RTA and other hardware / software. In the hands of an average consumer however with no training or lab gear, equalizers are pretty much guaranteed to mess up the sound more than help it, which is why the compromise of the Audyssey system is taking hold.