It's all a matter of scale, and size of audience. Most people I know have some own servers somewhere, either at home or at a hosting provider, I host my own Blog and a Mediawiki for my role-playing group, mail server, and other small things, for an audience of maybe a few dozen people. Cost me about five bucks a month for the VPS, That's what I would consider "The Real Internet", which is quite similar to the Internet I experienced before Goggle and Amazon and co in the early 90s.
I believe that "Real Internet" is still there for those that want it, it just gets eclipsed by "TV over Internet" and "Sears Roebuck Catalogue over Internet", which also use the Internet as a platform, and which seems to be what most people want to consume these days.