Maybe, maybe not. The F-22 is one helluva plane, but when it's cost is about the same as a contemporary frigate, you can't seriously expect to more than a couple hundred total to be serving. I think the JSF idea was the way to go, applying the stealth/sensor fusion technologies to a multirole platform while not having to develop the technologies from scratch, which is what the ATF/Raptor program pretty much had to do. Now, if a second generation Raptor specialising on combining lowering the cost of the production/unit price with the upgrades needed to stay competitive on the market, the USAF would find themselves in a much cozier position than now with the "robbing Peter to pay Paul" methods of cut backs they're facing to fund the program (well, not now I guess).