DTS-MA is the standard on regular Blu Ray, so its not being phased out. I would agree, for UHD Blu ray, Dolby Atmos is at least the defacto standard. However, UHD Blu Ray represent a infinitesimal amount of the overall optical disc and regular Blu ray market. Also, I don't believe that UHD Blu Ray will become the predominate optical disc format. Optical will die before that ever happens. If studios want to make Dolby Atmos the defacto standard for UHD disc and allow DTS-X to exist on their regular Blu Ray disc, DTS-X will destroy Dolby Atmos on the market.
As far as which format is superior, I don't know. However, it just seems to me, for the home DTS-X is more consumer friendly, as DTS-X is more agnostic to speaker configuration. Dolby Atmos is in ceiling speakers or up-firing modules. That's it!! Whereas DTS-X can be more compatible with the various speaker placements of what you might in an Atmos or Auro 3D set up.
Atmos is definitely niche, Dolby knows that as well, that is why they came up with the up-firing modules concept because they know most home theater rooms can't accommodate ceiling speakers,(on ceiling or in ceiling) not to mention that most folks don't want to cut holes in their ceilings. The on ceiling or in ceiling approach is, for the most part, for those with dedicated HT rooms, which again represents the niche.
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In the above Dolby recommended speakers placements, as you can the see, in the 5.1.4 systems, the four ceiling speakers are firing at straight down at the listener. In the picture above, if your room is similar to this, you have two top height speakers above sofa in the back and to height speakers up front on top where no one is sitting, that makes no sense to me unless you have another seat(s) there.
Also, I'm not that convinced that object based audio is necessarily superior to channel based, given what I have heard commercially from both systems.