There was a recent post in JazzCorner's Speakeasy Forum that stated that "The players in New York are too busy slinging old hash around at Smalls or bellowing to the rafters at the Stone, while everybody else seems more fascinated by beeps and blips—you know, "texture"—than music."
I agree to a point, but right now is an incredibly fertile time for Jazz that combines composition with improvisation in interesting ways. Some of the players who I think are emblematic of this area are Taylor Ho Bynum, Mary Halvorson, Ingrid Laubrock, Kris Davis, Satoko Fujii, Myra Melford (note how many are women), John Hebert, Tyshawn Sorey, Ken Filiano, Harris Eisenstadt, Liberty Ellman, Russ Lossing, Adam Lane, Matt Bauder, Nate Wooley, John Hollenbeck, Tomas Fujiwara (note how many are drummers), Tony Malaby and Peter Evans. I'm sure I've left many people out as well.
There was a recent post in that same Forum about the meaning of Third Stream Music. I think a lot of what these artists produce could be considered a new type of Third Stream, one that integrates many types of musics with jazz and creates an organic blend in which the elements mesh seamlessly.
This is a great time to love Jazz, even if it puts a strain on your wallet!