Our imagination filled in a lot of the blanks at the time and as a whole it was a far more innocent industry.
It depends, I remember the old shovelware days of the 1.99 tapes with absolute tripe on them. The industry has not changed that much, even in the old days, a lot of games were just rubbish.
Maybe that is why with 25 years behind me, I still don't get really bored. I remember how bad it used to be