IMO, we've never had more choices or viable platforms as gamers - my first console was an Odyssey 2, and my first computer gaming was on an Apple II+, so I've been doing this a while now. Anyone who is longing for days long gone really needs to take off the rose-coloured glasses. Most of those older games were, if you look at it objectively, pretty trite and repetitive by today's standards. They were amazing to us largely because of their novelty, and we've elevated them on the pedestal of nostalgia.
Nothing against the classics - they were amazing for their day, but I do think a bit of perspective is in order. When I was a kid, I would have killed for an amazing RPG like Skyrim, or an MMO like Guild Wars 2, or for the sheer creativity to be found in Minecraft. I picked up Limbo the other day, and have been immensely enjoying myself - it's an incredibly clever and atmospheric platformer/puzzler. I'm still playing Puzzle Quest too, a relatively low-budget but fun puzzle-RPG hybrid. More recently, I've been going through my "bought a while ago but haven't played" list like Halo 4 and Uncharted 3, and on the PC side recently picked up The Witcher 1 & 2 in a Steam deal. I've enjoyed all these games immensely so far.
Granted, there's a lot of crap out there too. Freemium games? Yeah, I stay the hell away from those too. But I don't see how crowdfunding can be blamed when it's simply opened up the market to more niche games. Sure, some of those bets won't pay off, but welcome to venture capitalism. I'm not sure how that should be a surprise to anyone. 80% of everything is crap, anyhow. It holds true now, and it was true in the past as well. You just need to look for the products that rise to the surface... you know, read reviews, judge based on developer history.
Some old icons in the industry are now past their prime. Blizzard, Bioware, and id, longstanding favorites of mine, have all sold out. I'll no longer expect anything great from them, although I'm always willing to be surprised. Instead, younger and hungrier development shops will take their place... maybe ArenaNet and Bungie. And garage development is no longer relegated to the past either thanks to crowdfunding and improvement in tools, technology, and especially distribution platforms.
Personally, I think it's a pretty exciting time for the gaming industry, and I'm happy I'm in the middle of it.