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No it's not.

First, games are being simplified too much expand the market. This has been affecting the FPS and the RTS genres the most.

Second, companies are in general investing less in graphics while charging us the same for the games or more.

And third, there are so many good games out there but just a few get a piece of the cake.

However the indie scene is growing and that is beautiful.

edit: oh and I forgot DRM and day 1 DLC.