Are Microsoft working on a new (modern) Contact List?

Correct me if I'm wrong, but so far nothing on this topic from the Summit. I'm really interested to see if this specific kind of list has "a future" in the new modernized world - the 2-way Outlook connector specifically. We want to move from using Exchange public folders as a host of our contacts database to Sharepoint list and build on top of it, while retaining the view and edit options of the Outlook environment. I would really appreciate a word on whether this functionality is meant to be supported going forward.