What would be refreshing would be a C/C++ compiler that did away with the intermediate step of linking and built the whole program as a unit. LTO doesn't even have to be a thing if the compiler can see the entire program in the first place. It would still have to save some build products so that incremental builds are possible, but not as object files, the compiler would need metadata to know of the origin and dependencies of all the generated code so it would be able to replace the right things.
External libs are most often linked dynamically these days, so they don't need to be built from source, so eliminating the linker doesn't pose a problem for non-open source dependencies. And if that's not enough letting the compiler also consume object files could provide for legacy use cases or edge cases where you must statically link to a binary.
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