Eh, there is room for both.
I think part of the problem is that when the PC market started to dwindle in 2002ish and the console market stole that thunder, we lost developers like Black Isle, Troika, etc to closing down. We cRPG fans simultaneously lost Bethesda and Bioware to Consoles, and their games started getting streamlined. Sure, I liked Oblivion, but it wasn't Morrowind or Daggerfall. I'm not a fan of Skyrim, but I'm glad I own it because of the Enderal mod (which I love). I also love both Kotor games, and enjoy Jade Empire and the first 2 ME games, but not at the loss of games like BG 1 and 2, Fallout 1 and 2, or NWN 1 and 2. I think many RPG fans that lived through the dark 2002-2012 decade tend to overreact, but I understand why they do. It's easy to see developers moving on to make more mainstream games, and that is a fear for many. So, they freak out.
I honestly think Bethesda is pretty good at building environments (not dungeons though). Their towns are too small as well. However, their writing, combat, and AI is abysmal. Which IMHO is why they make games as wide as the Pacific and as shallow as a teaspoon. They also have maintained (last I heard) a really small staff to work on FO and TES for a AAA game studio. It is between 30-60 people or it was just after Skyrim. I remember a Todd Howard interview where he said as much, but I couldn't find it if my life depended on it. Compare this to CDPR who employed somewhere around 120 or more. which is a much more common number in AAA game development. IMHO this is why they focus on things like Radiant AI, and what not. because they don't have the people to hand craft these things today, and they don't want a huge studio either. So, they try to make little immersive things to try make up for it. Darned if you do, and darned if you don't. However, their games sell. So, unless that changes they won't change anything.
As long as I get Shadowrun type games, PoE games, DOS games, DIsco Elysium, Copper Dreams, etc etc... I coudn't care less what else comes out. In fact, FONV being the best 3D Fallout makes me think that IF Obsidian was making a AAA game similar to TES or FO3/4... I'd give it a go. At least I know they would put SOME focus on story and writing to make it somewhat worth my while.