I constantly wonder why no one's talking about the fact that almost every movie with cgi visual effects looks awful these days? I was on a plane recently. One person in front of me had Wicked on, another the live-action Snow White, another some recent Marvel movie. Each slid completely into the uncanny valley in their own way. It was really eye opening.
The era you're talking about the balance was spot on. I'd say there was a golden age of effects from Star Wars through to Terminator 2. You're already suspending your disbelief and letting the filmmaker take you on a ride. Who cares if it's hyper-realistic? (or, in the case of contemporary movies, trying to be hyper-realistic and failing to the point that it makes it even more obvious.)
My mid 30s brother in law is obsessed with graphics and framerates in video games. He optimises his games and gaming hardware selections primarily based on graphics fidelity.
He used to get the latest version of the fifa game every year, because the "graphics were so much better in this one", he went into debt for an xbox series X because of the better graphics that it offered, now he's recently built a custom gaming PC, primarily because he could eke better (you guessed it) graphics out of the games he plays.
Every single time I would tell him IDGAF about graphics, and I'll probably keep my XSX until the proverbial wheels come off before I upgrade. For me all I need is acceptable smoothness, decent-ish performance, but most importantly an enjoyable gameplay experience and (primarily for me) a very strong narrative focus.
I stopped trying to dunk on his enthusiasm (I was like that when I was 15), and now I'm just happy he's happy. Although he probably won't be happy, because the next-gen gpus are already just over the horizon, and by the time he's built his next gaming PC the next-next-gen GPUs will be just over the horizon...
Maybe some people are like that with movies? Maybe they select based on flashiness and special effects, and when the effects are obviously visible then it's bad by default? Maybe comments like "wow, this movie is certainly visually striking" in a focus group is seen as a Good Thing which makes the producers optimise for that when they make movies?
The use of color is atrocious in new movies. It's the era of high contrast and contrasting colors. They depend on it to make something look 'expensive' and 'premium' even though to me it looks really bad. And played out. Give me washed out greens like My Neighbor Totoro or yes, Jurassic Park, anyday.
It's a self-reinforcing thing. New movies want to look 'new', no matter if 'new' is bad.
The era you're talking about the balance was spot on. I'd say there was a golden age of effects from Star Wars through to Terminator 2. You're already suspending your disbelief and letting the filmmaker take you on a ride. Who cares if it's hyper-realistic? (or, in the case of contemporary movies, trying to be hyper-realistic and failing to the point that it makes it even more obvious.)