Anyone who says new music sucks isn't looking in the right places.
I'm actually rather proud of the music that's being produced by my generation, there is a lot of really amazing stuff out there.. you just have switch off your TV and look for it.. Look at all the amazing stuff that's come out in the last 5 years....
All the White Stripes albums, Mars Volta, Radiohead, Flaming Lips, The Stands, Ben Folds, Queens of the Stone Age, System of a down, Dream Theatre, Black Keys, The Strokes, Coldplay, Gorillaz, Hellacopters, The Hives, Sigur Ros, Secret Machines, Franz Ferdinand, Libertines, Nine Inch Nails, Polyphonic Spree, U2's new album, The Datsuns, Devandra Banhart, The Mess Hall, Spock's Beard, Porcupine Tree, John Butler Trio, RHCP..
And thats just the stuff that I own that I can think of!