I agree with this too. I think games were much better back in the day then these days. Iv still not seen an rpg as good as Final Fantasy 7, Chrono Trigger, Chrono Cross, or Zone of Enders, for example. And alot of MMOs today focus on graphics instead of gameplay which leads to an incredibly average MMO.
The problem with that is, FF7/Chrono Trigger had AMAZING graphics back in their time. To a point where, FF7 got so hyped and sold so well at the time specifically because of its graphics. Graphics has been a priority for most console generations.
Moreover, consoles like SNES have the majority of their gaming libraries being below average piles of junk games. The Playstation had a slew of awful games, as does every system, with a good 15-20 really, really good gems that everyone remembers as classics (also the same as every system, including this gen).
Point being, Graphics almost never harm a game (in fact the only thing that would is bad graphics), the top games of the world (classics and current games) all had amazing graphics at the time of their release. I'm honestly not sure how games were better in the old day, most games "back then" sucked ass just like most games today suck ass, people remember Link to the Past, FF7 and Chrono Trigger, the same way we will remember Mass Effect, Skyrim, Red Dead Redemption, God of War, Uncharted, and others of this generation.
Nothing has really changed in the world of gaming in this regard.
As for what I'm playing, I just got done playing the new Skyrim DLC. It's fun, nothing amazing cause it's simple, but fun nonetheless and I'll take any reason to jump back into the world of Skyrim.