No, no, you've got all worng!
MODing=goooooooooooddd, it's just that I think that it's becoming too mainstream for my tastes.
Basically, it's going to become like MP3's: at one point they were reserved only for the geeks and PC-phans (not geeks, simply guys who had a life, just really liked the computer;)), and terms like bitrate, codec, peer to peer, etc, were really only kown by an elite few. Now everybody, including the computer-illiterate, brain dead, b33r-swindling jocks know about them (no offense to anyone who takes this the wrong way, or thinks I'm insulting there great-granduncle, Flash Jon;))
Now, terms like object, reversed faces, extrapolate, LODs, etc, are going to be not only the property of the people who fought to learn them, and learn to edit games the hard way, but also the dumb-as-a-nail jocks who got pampered to.
My 2 cents...