no. modern music has its bad bits and great bits just like every other era of music. white stripes, radiohead, brmc, 22/20s, mars volta, qotsa and rise against are all great modern bands to me. and theres in influx of solo artists coming through too, willy mason, elliot smith was great, jared cohen, joel wickering are all good if unknown artists. i must say, i do have a soft spot for the classic stuff and ultimately i do prefer it to modern stuff, but i still love a lot of new music. would you class the stone roses, oasis, blur, PJ harvey, nirvana and co as modern?
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