There certainly not built the way they used to be. You get some belters, but i can honestly say i haven't bought a AAA at launch probably since the watch dogs release
There's been nothing new for 20 years, with maybe the exception of Battle Royal games and better graphics.
There are amazing games out there, including AAA games. I'd argue Baldur's Gate 3 is AAA and imho one of the greatest games ever. I'm not much of an RPG fan, but the depth and replayability of it are quite frankly off the charts.