I personally feel it was the worst time in video game history.
Both systems were a glitchy mess. Especially, with the XBOX 360 Red Ring of Death. Along with a bunch of bare bones glitchy games to go with it.
Nah
That was the last time a generation jump felt graphically significant.
Not to mention that gen gave us:
-2 full fat GTAs+dlc
-2 full fat elder scrolls and fallout games per franchise
-New IPs like Dead Space, Mass Effect, Resistance, BioShock that gave us WHOLE TRILOGIES in a single gen
-Demon Souls/Dark Souls
Look at what's come since and tell me things are getting better
Only downside was that Japanese devs lost a step for a minute.
If you don't think things are getting worse you're either young or you're lying to yourself