It depends.
If you mean the general feeling and atmosphere on forums, yeah it's starting to feel like the surprise and hype surrounding gen 7 is over. New game announcements, while good, don't excite people in the same way. We know what to expect. It's mostly sequel upon sequel, no huge exclusives or megatons, graphics don't improve any longer etc.
Also, the sales war is dead. No one cares. It's Wii won, X360 second and PS3 third place since a long time back and people have settled with that.
So in summary:
Upcoming games rarely surprise
Grafix war is dead
Sales war is dead
But for me personally 7th gen is almost as strong as it's ever been. I play great games all the time and have a huge backlog and there's many upcoming games I am looking forward to.
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