Franchise by franchise:
Rainbow Six: Never really cared about this one.
Ghost Recon: It was briefly good for Advanced Warfighter, though nothing special, and is back to being forgettable.
Assassin's Creed: Dull, then brilliant, then pretty good twice and back to dull. I have seen nothing to make me believe that it will improve in the near future.
Far Cry: In excellent condition, and by far the best thing they have made in years.
Splinter Cell: Decent, then great, then brilliant, then pretty good, then Bourne Conspiracy: The Game, twice.
Rayman: Looking very good at the moment.
So, of their six main franchises, only two interest me even remotely, and they are genuinely killing franchises at Activision-like speeds at the moment.
EDIT: Forgot about Watch Dogs. That looks excellent, and it could well be enough to redeem their brutal slaughter of AC and Splinter Cell.