It's funny how different people of slightly different ages look at the different "generations" in wrestling. I've been watching WWF/E since 1983, right before my personal favorite era, the Hulkamania Era. Back then you had colorful, larger than life characters led of course by the biggest name in wrestling history, Hulk Hogan. You had a great supporting cast like Macho Man, Piper, JYD, Andre, Studd, Bundy, Jake, Demolition (they might have been Road Warrior rip-offs but they ruled in their own right), Samoans....the list goes on and on.
The era that you (who, I am guessing, are a few years younger than I am) love so much I would consider to be the absolute worst. Led by the likes of Bret Hart (lacking charisma) and Shawn Michaels (bonified horses ass) I actually stopped watching for a period of time during the New Generation era. An obviously fake greasy Cuban in Razor Ramon, a guy who thought he was truck (Diesel), a sloppy fatass (Yokozuna)...not to mention bad rappers, clowns, plumbers, hockey players I thought that time in WWF was menagerie of shit. I started getting back into wrestling when Hogan jumped to WCW but didn't really have a passion for it anymore until the whole nWo angle broke and started that bitter war between the two companies. Looking back the Attitude Era does not hold up very well but it much better than the New Generation which almost killed the WWF.
I watch today's product knowing full well I am not the target audience. You see I think Vince and company had been targeting my generation (those of us who were children in the 80's) since the heyday of Hogan. They nailed it with Hulkamania, missed big time with the New Generation and won us back for a bit with the Monday Night Wars and Attitude Era. Eventually they realized that they needed some new blood as we were getting into our 30's and they found a new Hulk Hogan for today's kids in John Cena. I may not be a huge fan of today's WWE but I will most certainly admit that watching John Cena wave his hand in front of his face is much better than seeing a 500 lb black man covering his ginormous man tits with a top that says "WHOOMP THERE IT IS".