When you consider the totality of gaming options now, the answer is absolutely yes. For the simple fact that there is so much sheer variety in so many more genres across so many different methods of control and delivery that in virtually any genre you can think of, you can list an example of the very best of its class.
I mean we're talking handhelds, from DS to PSP, to 3DS to Vita. We're talking 360, PS3, PC, XBLA, PSN, Wii, WiiWare, Steam, GoG. iphones/iPad. We're talking everything from the hardest of the hardcore frustration platformers (Super Meat Boy, VVVVVV) and dungeon crawlers to retro nostalgia send ups to hardest edge graphically intensive gameplay experiences known to man. There is everything.
At least 50% of the genres that are around today weren't even thought of during the NES days.
If you only own one platform, it might easily seem like this generation lagged behind others - after all, there was no super dominate platform from a development perspective like the PS2 this gen. The DS was too far behind tech wise to accommodate all the genres and their advancements, so even though it dominated it wasn't able to do what would have been possible with such a successful platform otherwise. Same with Wii. But when you COMBINE the DS and Wii with the other platforms and delivery systems, it just is an endless stream of games.
In one sense you can say it's worse than previous gens because it has become a lot more expensive to experience the full potential of the quality out there. And that's true. But taken in totality, the improved technology continues to bring us superior games.