Absolutely. Survivor Series 1992 was the first time with the WWF I was wondering why there was no main event. I was 13 at the time, so a punk kid. I get it now, but at the time, it was not impressive. So many new faces, the old faces were in entirely different roles.
Thinking back to that period of time, WCW had moved out of their golden era far before that. I'd argue it happened with the sale of JCP, but one could argue it carried over to late summer 1990. Great American Bash 1990 had a lot of the old guard, and as you put it regarding Mania 8... It was probably the Last Hurrah. By Halloween Havoc 90 it had changed substantially. The transition phase lasted until summer of 1991 where Ric left and they had the "pre-Hogan, post-Flair" years.