Vacuum boiling, pulsed boiling, boil cycling, external wort heaters, thin film, wort spreaders...there are a bunch of techniques that modern equipment manufacturers use in controlling wort heat stress and evaporation. They can all be useful, but its all for naught if you don't control the exchange between the kettle and the atmosphere. Covered boiling isn't a sin. However, there is a need for both covered and uncovered boiling in your boiling process.
I've gone to a 60 minute boil duration and 30 minutes of that is virtually entirely covered. That allows me to significantly reduce my heater setting. The wort is moving just enough to maintain a circulation. It isn't erupting. For the last 30 minutes, I uncover. Of course, that open kettle looses a lot of heat when uncovered, so the heater setting has to be increased. I also target a more strongly rolling wort boil...still not erupting.
Even when brewing almost 100% pils wort, I effectively reduce DMS to nearly unpercievable level. However, most beer styles that employ nearly 100% pil malt, often have an acceptable level of DMS stated in the BJCP guidelines. So having a bit of DMS in some brews, is OK. In beers made with the slightly darker pale malt, DMS is almost never a problem.
Most modern pro systems are targeting less than 10% evaporation loss in a 60 min boil. I have my system giving me about 8 to 10 percent loss. I've heard Bryan Rabe say that he's reduced his loss to around 6 percent, but he said the DMS perception was a little too prominent for his tastes. I believe he purposely targets a bit more evaporation (I think he said 8%) to avoid that problem.
The bottom line is that homebrew lore on wort boiling is about 40 years behind. We don't have to boil long and hard to produce good beer. There is a lot we can learn from the pro's on boiling.