Short answer: Yes. We were just young.
Long answer: A few weeks back, I was digging trough the basement at my parent's house. To my surprise, I found a box full of VHS tapes that I thought had been lost forever, including the entire first season (and part of second season) of Pokémon. Looking for a nostalgia trip, I spent a few days watching through them.
To my surprise, I was greeted by an ensemble of awful writing, insignificant plots, trivial morals, horrible puns and, to top it off, the Team Rocket motto, which was shown in almost every single episode. Seriously: Fuck. That. Shit.
What also surprised me, was that I really, and I mean REALLY hated the Pokémon. The voices, freaking repeating their names over and over again and the battles, which I mostly just fast-forwarded through.
I did however enjoy Brock a lot more, with his dirty jokes. The narrator as well. They were some pretty funny fellows.
It's like watching The Mask, having not seen it for 17 years; there are a lot of things you didn't get back then, and will actually find funny. Everything else... Not so much.
Even nostalgia can't save you.