I don't think most indie games are retro styled "crap" anymore, if they ever were. Increasingly, indies have become the new mid tier. Go hit up the Steam best sellers list, and I'll bet you anything that most of them more closely resemble games that would have been at home on the PS2 than on the NES or SNES. Genres like point and clicks, survival horror, and RTS that were deemed dead and unprofitable by AAA-obsessed publishers are now proliferating thanks to indies.
But I do think it's true that the lowered barriers to entry have caused a glut of content, and this will eventually have to sort itself out rather painfully as a lot of developers (even very talented ones) find themselves drummed out of the market.







