I'm personally as excited now as I have ever been, so I chose the current period. But, the Genesis/SNES era was also huge for me.
Gaming is constantly progressing. IMO, there is a noticeable improvement in the overall awesomeness of games every few years. So, in that respect, the most recent period will always be the best. With that said, I could make an argument for the PS2/XB era, as it brought about a shift in the major players - Sega left, MS entered, and Nintendo had recently been removed from the top spot. I could also make an argument for the early 80s, as that's really the period where gaming made its way into homes. Likewise, the NES/Master System era brought gaming into the mainstream.
To put it another way, I think major, positive movement occurred in just about all of those periods. But, since each period builds on the last, the most recent one is always the best.
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