Music's all relative. I'm sure older generations didn't see bands like The Rolling Stones in the 60s having the staying power they did, but they appealed to a specific base and made it work. Same with the Led Zeppelins and Pink Floyds and Motley Crues and David Bowies and Nirvanas and Pearl Jams and so on. I will say the overall talent level seems to be shrinking in favour of machine-based editing and sampling, but there's still lots of great stuff out there if you're open-minded.
On an unrelated note, I saw a really fun pop-punk show in Toronto last night! Neck Deep, Bright Eyes, Stand Atlantic and WSTR. Two from England, two from Australia. Great energy levels and there was more dancing and moshing than most shows I've been to lately. Not for everyone, but certainly did it for me.