It sure was nice when you could just pop a game in and play it, wasn't it? The install times don't bother me nearly as much as things like day 1 patches, DLC, microtransactions and WAY too much focus on online multiplayer, because if someone 20 years from now is nostalgic and wants to play a game that came out during this era, most of them(in original form) will be completely unplayable because the patches, DLC and multiplayer servers will be long gone. Atari 2600-PS2/GC/Xbox games are still playable so in many ways I'd say we've gone backwards. Consoles were created as a simple alternative to PCs, and while they're still very closed systems, console gamers now have to deal with patches, long installs and much of the other negative stuff associated with PC gaming without the massive number of benefits that come from playing on an open platform.
I know this is an old man rant, but I'm not wrong.