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Yes, but there's still plenty of good movies today that do understand that. Of course, big budget junk like Stealth or Fast And The Furious is just one action sequence to the next but those movies probably won't be remembered in 10 years but the good stuff that they make today will be remembered...

To me, the term 'Golden Age' just refers to a time period and doesn't speak of the quality of the movies during that time period. There is about the same amount of quality and the same amount of crap as there always has been. People tend to remember the winners from the past and not the losers...