That's my point exactly. That's a very ignorant thing to believe. You're gonna generalize modern video games as graphics over quality but not any of the previous generations? Every generation has its fair share of garbage and has always made an effort to give top notch visuals. Metroid Prime, Resident Evil 4, Halo 2, The Legend of Zelda The Wind Waker, all sport some of the best graphics seen in its generation and neither of these games lack in quality. It's the same today as it was then. Some developers even today aren't afraid to sacrifice graphics for quality. I'll give two of the most recent examples of this with Splinter Cell: Blacklist and Dead Rising 3.
I don't know what games you play, but this generation has been filled with quality. Off the top of my head... Resident Evil 5, Batman Arkham City, Uncharted 2, Borderlands, Gears of War 3, Bioshock, Portal 2, Tomb Raider, Red Dead Redemption, Skyrim, Assassin's Creed II, Halo 4, Mass Effect 2, The Last of Us, etc. Like 'em or not, there's no denying what most of these games have accomplished or the sheer amount of quality they have brought to gaming, period. Just as many games today, if not, more games offer the same amount of greatness that our favorite games from the past did. I don't know if some of you are blinded by nostalgia or if it's just a personal preference and that's okay. I've been there, still am, and always will be. I appreciate the past as much as anyone here, just don't fool yourself into thinking every game is as shallow as Call of Duty or Battlefield.