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I think we are simply forgetting what came before. Sure there are a lot of classics that came out but when you add them up and compare that number to what came out in the same decades you would see a difference.
Whats wrong today is we simply dont remember all the crap that came out in the 70's, 80's and 90's that completely surrounded the classics that we love today. Add to that the internet way of life now you have more eyes on the crap and less on some great classics.
Not saying we are getting better or worse, just a few less classics in the long run but still with the crap on the outside.