In this thread, it is really important that you read carefully the posts that have gone before.
Not all oval (or, more correctly, elliptical) chainrings are the same; they're not even similar.
Biopace and Eggrings are opposite in their effects. Therefore, because Biopace was completely wrong, it is unwise to assume that all elliptical chainrings are wrong. It doesn't help that Biopace was brought out by Shimano, with many thousands of pounds brought into play to support the marketing of this design mistake. Eggrings, on the other hand, have been developed by a brilliant engineer buried in the depths of rural Wales with not much more than most people spend on a complete transmission to market his invention. (I might add here that Chris Bell didn't invent elliptical chainrings, but he did invent and develop the software to produce these economically as one-offs to fit all existing cranksets, something it was impossible to achieve prior to the introduction of CAD CAM programmes.)
As a society, we tend to follow the big money, without always questioning what it is actually giving us in return.
So, to answer the question: Does anyone know why there was a return to round rings if Biopace/oval rings were that good?
The answer: because the Biopace concept was crap and correctly designed ovals cannot be marketed in a way that would get manufacturers to fit them in any significant quantity to acheive 'critical mass' ~ a phenomenon vital to the take-up of any 'innovation'.