VVT is an old concept, but it's been gaining popularity in production vehicles since the late '80s/early '90s. Honda introduced VTEC, which is fairly primitive, in 1989. BMW has been using VANOS, which is more like modern VVT systems, since 1992. The technology has only recently become cost effective for use on virtually all cars, due to reduction in manufacturing cost and an increase in demand for both fuel efficiency and power.
Regarding dual cam engines needing special timing tools, that is not the case in my experience. When I rebuilt my dual cam Saturn engine, I needed a special tool (a 2.5" piece of pipe with a hole cut in the side) to replace the valve seals, but timing was very straightforward. The need for a special tool is more likely to arise with VVT engines, but there are likely some that do not require one.