Great post and welcome to the new world of gaming :)
Its fun watching the gaming industry drown in mediocrity and greed, isn't it...... :(
I too remember the good ole days which makes it even harder for me to watch this industry go down the path it is.
I have one concept for you that keeps hope alive for me:
- Modding and Independent
Here is the answer to your problems my friend. Sure they will never get as big as the disgusting mega publishers now but they do things the old way. They listen to the gamers (gasp) and get feedback that goes directly into the game. They provide alphas, betas, and demos to show you what the game will truly be like without forcing 'pre-orders' or any other bs. They are games made by passionate gamers which leads to quality gameplay and not just some dressed up pig ;)
I personally think game development is getting too expensive and something will have to change sooner than later. 2 interesting development models that are just starting to get traction.
- Open Development: This is basically an indie team that shares all steps of their development with their community. They develop rich tools for the community to use and help make mods and other extras to get the community involved and change the game for the better. 2 quick examples would be Overgrowth and Natural Selection 2.
- AAA Indie: This is basically an indie team that funds their project through the community and not some publisher that takes over the game. They create a strong community that they listen and work with to help develop their game. They use self funding and pre-orders from fans to finish the game. I think more and more indie teams will try this route since publishers take so much of the cut and usually force changes.
Thanks for the read and glad to see others are opening their eyes as well ;)
Current Favorites:
Wii - Muramasa, MH3, Metroid Trilogy, RS2, Okami, RE4, COD, Dead Space, Scarface
PC - L4D, TF2, BFBC2, Killing Floor, Aquaria, Warsow, many UDK indie games
Mods - MechWarrior:Living Legends, Star Wars: Galatic Warfare, PVKII, Goldeneye Source, L4D mods
PS3 - Demon Souls, Way of the Samurai 3
Social Modding Club: ModDb | Steam