Yes that's true that the most obvious chord progressions have been used, but there's a lot of chords that rarely get used and new ones that can be created just by approaching the guitar from a different angle (two-handed chords, harmonic chords, feedback chords, chords played with an e-bow, etc...).
Although I have to admit that just any combination of notes may not sound very pleasing to the ear. :)
I don't suffer from insanity, I enjoy every minute of it.