Well, I can't say what the bar actually is - objectively speaking.
I do know that, even as an incredibly demanding and jaded gamer, I don't remember a time with this many absolutely fantastic games coming out.
That said, because of the absurd frequency of new releases - and the fact that it's easier to make and release games than it ever was, with the overall industry and its audience being much, much bigger than it was only a few years ago - it's obviously inevitable that we'll be seeing hundreds or thousands of crappy games each year.
But, I guess I'm lucky in how I operate as a human being. I mean, when I buy a game - it's because I'm 99.9% certain it's going to appeal to me on some level (and while I probably won't finish it, it's certainly not going to be crap) - and I can actually afford the occasional dud.
The fact that there are thousands of crappy games that I have zero interest in playing - doesn't matter to me in the slightest.
As long as there are more great games than I could ever finish - even if I tried - I'm very, very happy within this context.
That wasn't the case when I started getting into gaming in the 80s - let me tell you.
I remember when my gaming passion was at its peak - probably in the mid-90s - I was lucky to see a single good game each month, and actually great games got released maybe 2-3 times per year.
You won't believe the kind of crap I accepted, just on the off-chance it would turn out to be worth it - or even fully functional.