I just finished a great ragchew with Dave WD4EKB out of Fulton, NY. Dave mentioned that he is 65 and has been a Ham for a number of years; but was inactive until just a few months ago. Since rejoining the hobby, his interests have been in QRP and CW.
This is not a new thing that I am hearing. I cannot tell you how many times I have heard this repeatedly, in the past few years. Guys who were starting to get bored with the hobby (or were already bored) are finding excitement, nostalgia, romance and a little of the "magic" that got them interested in radio in the first place, in QRP and CW.
I'm not sure whether it's folks relishing a new challenge; or just returning back to their roots of building and using Morse Code and low power equipment. But whatever it is, it seems to be catching on quickly. The QRP branch of Amateur Radio is quite healthy from all reports that I have been reading. With the birth of organizations like the North American QRP CW Club and the Straight Key Century Club it also seems like CW is beginning a renaissance, also. While the "code/no-code" debate furiously rages on, quietly and surely the numbers of Hams who are using Morse Code for the first time (and enjoying it immensely) as well as those who are returning to Morse Code, seem to be on the rise.
And after all, what's not to like? Using QRP and CW is fun; and that's all that counts!
73 de Larry W2LJ