I'm well into my 40's and have gamed since the Sinclair ZX80 & 81. For me gaming is the best its ever been. Yes there may be droughts from year to year and yes theres dumbing down. I have seen many franchises start brilliantly and end up turning to dust. But with all the bad I still find so much to love.
Yep. Everything else held even (i.e. the subjectivity of the gamer). Gaming today is better than it is ever has been. Games such as Bioshock Infinite or Dishonored just didn't exist in yesteryear. They didn't exist because neither the budget nor the inclination existed to create such a compelling story for a computer game, the graphics never existed to create such compelling and fitting backgrounds to compliment the story, and since allowing us free movement in a vaguely 3d environment with a pee shooter at our dispoal used to be entertainment enough in itself back in the 'good old days', there was never any need to find the innovative ways to spice up the gameplay format such as is seen in the titles I mentioned above.
Of course, there aren't as many great games (relatively speaking) as there used to be and dumbing down is indeed an issue. There are so many 'badges, awards, unlocks in BF4 that I don't care about any of them...in BF2 getting an unlock was a big deal......and why does COD even exist!? (beause Activision aimed for 60 fps at expense of resolution/textures?)
But the best of the gaming best, have never been better.
Edit: I am absolutely loving my gaming at the moment....recent games have been Killzone (PS4), Bioshock Infinite, Tomb Raider, Wolfenstein New Order, FIFA 14 (PS4), with BF4 being an ongoing 'concern' since the last 2 years. Other games that I played such as Assassins Creed Black Flag, Batman Arkham, Metal Gear Rising, etc etc, that didn't hit my buttons, got binned immediately. Perhaps that is my secret to enjoying gaming. i.e. only play games that are actually rewarding me with soothing biochemical releases into my brain and bin the rest, no matter how much the world is telling me that these sucky games are meant to rock. With that said, I shall never get as immersed in a game as I did with Gothic in 2001 or as long term hooked in a shooter as I did with BF2. Not cos these games are just much better than their modern day counterparts (they aren't), but cos I have changed and my mind just will not faciliate such a huge emotional investment in a video game any longer.
To all those whinging about 'it's not as good as it used to be', I will suggest again that the issue probably is that you have matured, and that your body/mind is screaming at you to find something more productive to focus on, yet all you guys know for getting your 'rewards' in life is turning to your PC monitors. I am going to stay in broken record mode on this issue for as long as people keep saying "games aren't what they used to be".....