Initially, for the first few seasons, especially when young, the noise & excitement of 4 madmen charging round is enough to make it feel exciting. However, after a bit one gets more discerning & start to notice the number of FTGs & the gaps. I don't think it is less exciting now, like many things in life one tends to look with "nostalgia" & rose tinted glasses at the "good old days".
However I do think the outdated presentation, lack of advertising & info during matches is worse. Also the limits, so that rarely are the teams the same or near each season.