Agree all the way around, Larry. That period was my heyday as a fan and I look back on it with a lot of nostalgia. But going back and watching... a lot of it doesn't hold up. We remember the good stuff, but seem to have forgotten the not-so-good. There was a lot of crap wrestling. I mean the DOA, Los Barriquous, Steve Blackman, a lot of the WCW main event matches... Blackman might have been believable as a badass but he sucked as a wrestler. And there was plenty of shit angles, too. They managed to do into overkill mode on stuff like Austin-McMahon and some DX stuff, but there was outright crap like the Hawk's a drunk storyline.
I think some of the "it was all awesome" nostalgia comes from fans who didn't really watch through that era. There seem to be a lot of wrestling fans online who watched through it only as little kids (so their perspective is kinda skewed) or who didn't watch at all. Some go back and watch pieces, but its not like watching show by show to see the week to week booking.
Personally I don't think WCW stuff holds up any better. There was a lot of crap going on during any WCW period, and that's true right back to '89 when you had awesome main events with Flair, Steamboat, Funk, and so on. The midcard during the mid 90s was amazing but there was tons of crap. Stupid and pointless angles, guys who got hyped to hell and then disappeared, and the never-ending run of the New World Order.
I never want to discourage any fans from liking what they want to like. But anyone who tries to say that the Attitude era was a true "golden period" or without its flaws isn't being realistic.