I wouldn't say i'm an older fan in my early twenties but i'm definitely a long term fan (since about four years old). I personally think it's the lack of characters and the movement towards realism that has slowly declined wrestling. It's gone from unpredictability and over the top characters to a product that is focused on providing "realism" that is scripted! It doesn't even have anything to do with PG. Most of the 90s was PG and I loved the Hogan/warrior era. 1995 is regarded as one of the worst years in WWF history and What were they doing back then? Putting pretty athletic shows; with more focus on wrestling/athleticism from people like Owen, Bret and HBK. Look at 2003 when your huge characters like Stone Cold and The Rock were winding down, and the Undertaker was still a Biker. Ratings started falling rapidly in this period with the characters disappearing and people like Benoit, Guerrero, Angle, Booker T starting to reach/currently occupying the main event scene. Purely athletic and technical wrestlers. Sure you had Hogan (who wasn't really a draw anymore in all honesty) and Triple H, but two men don't make a company. It's lost that "fun" factor from the early 90s and it's definitely lost that "edginess" from the late 90s that made it must see. Most people these days don't really want to see week after week of spot monkeys or average but athletic matches. I loved the variety; Attitude era had a lot, usually on one card; Great tag team matches, mid card fillers, Hardcore matches, (cat fight) divas matches with women actually doing something besides botching, unless it was malfunctions of course.Mid-card feuds would usually have people interested in them like they were title matches! You could two huge names going at it in a personal feud, outside of the title picture ended up in some kind of gimmick match.
For the past 6-7 years on Raw alone, you get the odd thrown together tag match, several squashes, the odd good main event, and 40minutes of adverts and the rare interesting promo.
The golden era even had Cages being introduced for the first time, casket matches, and was usually full of promos. But at least a lot of these promos had your attention, even if they were obviously pre-recorded. Saying that i was under the age of 10, so the wall probably entertained me, as did crayons.
Reading down i pretty much have a similar quarrel as Robstar; There's no kayfabe. At the end of the day, i'm not really that interested in realistic "fake" fights as much as I am actual, competitive sports. Wrestling entertained because it wasn't a "sport" and was never seen as such.
Wrestling is a soap for men, and the sooner Vince sees that, the better. He wants to be "entertainment", but he's pretty much had that for over 20 years! The moment he decided to step away from that and distance himself from the word "wrestling", his shows have pretty much done the opposite; been more focused on in-ring wrestling..
Even though i've pretty much slated the current product, it doesn't mean i don't like it. Yes, the idea of characters and kayfabe disappearing has ruined it for me; but i still like a lot of talent on the roster. I definitely wont sit there and bitch about somethings. I don't mind Cena, I really like NXT and all the young talent coming up/debuted over the past few years, (before losing his edge) I liked Orton. Punk was interesting for a while (until recently, he became Triple H from Evolution Era... come out and spend 20minutes talking about himself being champion). But i'd be a liar if i turned around and said I don't prefer seeing older faces that are still able to entertain in the ring over a lot of the current roster. That's where the problem lies. Goldust got a bigger pop (even from children) than most of the main eventers!??