Yeah, I agree with the point that games have definatly improved over the years for the better, but it depends on the interpretation of better I suppose. I love gaming still, but unlike before, (unless on wii) its mainly me, on my own, playing on my 360 or PS3 with a mic chatting to mates, while back then, it was all of us crowded round a small tv shouting and laughing for a silly game like Lego Racers. By today's standards, Lego Racers doesn't come close to modern day racers in terms of graphics etc etc, but it sure was a highlight of my youth. My bro and I played everything, we had stacks of games like nobody's business, from Sled Storm to Frogger, and we enjoyed playing them all.
My PS3 and 360 game collection isn't as big, partially because when a game is crap today, it certainly is crap, I tend to sway towards games I can actually play against or with my mates on and games are expensive, you can't just pick up rare and silly colourful games in the bargain bin any more

I remember walking into GAME back in the day and picking up 10 games for £10, I'd be lucky if I could get that today.
I loved Crash Bandicoot and spyro rip offs, Croc, Gex, King Ridley or something or another, they were all colourful, silly and enjoyable. I think developers had more fun back then as well, things were more about having fun rather then business, what will make big, what will make flop, flops today = bankruptcy eg, Free Radical. Tomb Raider for example was fun back then, its dying a hard death today, unlike Tomb Raider 1-3, I have to literally convince myself to by a TR game, 'legend' being the last enjoyable one.
Nazz3, yeah, it was serious plot wise, but you could MAKE the fun, you spent more time running around and causing havoc then playing seriously. MGS4, there was fun to be had, but I felt as though it was constrained fun.