Not all of it. Just depends on what you're into music wise. Like I still listen to Linkin Park and Chevelle etc... But I don't really care for the "Hip-Hop" these days with maybe the exception of Eminem. There are no real "poets" like 2pac. I think R&B of the 90's and early 00's was good. Around that time you also had a pretty good mix of the "punk bands" that turned "pop" and took it to crap. Now we've got this hipster crap and wannabe musicians that can't sing outside a studio. I do see country music on a huge up swing among younger people now with how there is more "rock" feel to a lot of the country now. Just my 2 pennies
There is actually a lot of good Hip Hop that same out after the millennium, its just not popular: Atmosphere, Brother Ali, Q-unique, Aesop Rock, Sage Francis, Cage, Akir, Immortal Technique, & Eyedea & Abilities are some to check out.
As far as rock, I'm buying anything the Deftones puts out, Muse has released some really good stuff, The Strokes, Killers, Bravery, Indy rock stuff is great.
There is a lot of good music, just way more bad which get most of the play for some reason.