Disappointing, but hardly surprising really. And #12 sums it up pretty well.
I naturally still listen to my old favorites from the 60's/70's...especially things I discovered during the golden days of AOR playlist free programming on the FM stations in the NYC area.
That said, there is PLENTY good music still being made by young, indie artists. With new distribution channels opening up and the lessened importance of the "major labels" and radio airplay, there's a lot more quality stuff to be heard these days.
My new kick has been enjoying the thriving indie and especially the live music scene in the NY/NJ/PA tri-state area.
So, I still love my old fart favorites (hell...I've gone to see Procol Harum more times in the last few years than I did even "back in the day"), but there's also plenty of seriously good new talent out there.
And not much of it is on the radio (radio? what's radio?)
If you're interested in some interesting observations regarding the music scene by someone long involved and who is keenly observant of the changes in the industry and how artists are affected, do a Google search for "The Lefsetz Letter" and subscribe.
It's pretty fascinating reading.