Definately less fun. Increased and inept security, lower fares leading to more low-brow throngs of morons and amature flyers, harder-to-get membership benefits, no meals, first class meals tasting like Denny's, and more crowded flights.
Although I do like online check in, seat selection and reservations compared to the old days when you had to stand in line. Now I can pick my seat when I reserve (unless waiting on an upgrade), print my boarding pass and bypass the tards down in the check in line at ticketing.