I'm not sure I agree. Out of interest: to those of you who grew up during the 60s and 70s, did you listen to the Stones or Led Zeppelin at the time and think, wow, this is the Future Of Rock, or were they just 'good' (for want of a better word) bands?
The reason I ask is that I think the majority of music (especially pop music) has always been bad - but there's some quality in every generation and as time passes, the crap fades from memory and you only remember the good stuff. It was Noel Gallagher who inspired me to take up the guitar (sorry - I haven't been playing bass long enough to have any real perspective on it ), and people talk about the Britpop days now as if the mid 90s was some kind of musical golden age, but it just wasn't the case - there were so many vacuous bands (Menswear anyone? Echobelly? Elastica?) jumping on the Oasis bandwagon that, despite the fact that there was definitely some great stuff going on, the signal-to-noise ratio was terrible. And yes it sold well, but I don't remember thinking at the time that Definitely Maybe was a future classic - it was just an album I liked. It's only now that the dust has settled that I can look back and think, yeah, actually it was pretty awesome.
It's easy to look around and think 'not as good as it was in my day', but come on - EVERY generation says this about EVERYTHING. Yes, mainstream commercial pop is largely horrible, but it always has been, and comparing Jimi Hendrix with Leona Lewis is like shooting fish in a barrel.
I genuinely believe that there's never been a better time to be a music fan. Computers and the internet are completely changing how music is made and distributed - anyone with a few hundred quid to spare can buy production equipment that musicians from even a few decades ago would have sold their own grandparents into slavery for, and then they can immediately release their songs to a GLOBAL audience for practically nothing. I can go online and within minutes be listening to any style of music from anywhere in the world, and I don't have to put up with a record company force feeding me through the radio ever again. Of course there's still a lot of rubbish out there, but that's an inevitable consequence of the fact that good music is bloody hard to make, yet loads of people want to have a crack at it. And more power to them - the more music there is available, the more gems there are to find.
And for what it's worth, there's a ton of modern guitar players (again, sorry for the guitar talk - it's all I know!) who would be inspiring me to start playing if I didn't already. Matt Bellamy from Muse, John Frusciante from the Chili Peppers, Adam Jones from Tool, Mikael Åkerfeldt from Opeth, the Amott brothers from Arch Enemy, James Root from Stone Sour, Fredrik Thordendal from Meshuggah... and they're just some of the rock players! Oh, and the bassists who are most responsible for me deciding to start learning bass properly (Ethan Farmer and Mike Elizondo) are touring and recording today.