Big budgets mean investors who really, really, really want to feel guaranteed that they will get their money back, which means compromises imposed on the developers in order to pander to a wider audience so that the money can be made back. Focus group testing, etc. Leads to bland games. AAA games are McDonalds hamburgers.
Sometimes they end up good, but it's almost gonna have to be in spite of the business models they have to conform to.
It's exactly the same reason why the most expensive moves (usually franchise movies with big stars and expensive CGI) are so bland most of the time. The director would mostly not be allowed to make something particularly interesting, because that's entirely too risky when there's a couple hundred million dollars on the line.
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