Didpeople forgot howto make worthwhile games?

Seriously, what the fuck happened to games like ultima 7, contra 3, jet set radio, baldurs gate, fallout, planescape, gunstar heroes, wonder boy, secret of mana.

Did people shit themselves over final fantasy 7 and just all decide to say "LOL IT'S EASIER TO MAKE GAMES FOR NIGGERS AND THE LOWEST COMMON DENOMINATOR SO LET'S ALL MAKE FINAL FANTASY SEVENS OR WOW'S"