We still get a great exceptional horror movie from time to time though. Last year we got Frozen and Buried and both of those are great, especially Buried.
Was also impressed with Monsters and much to my surprise since I hated the first film, Paranormal Activity 2.
Although it goes off the rails in the 3rd act, Splice was pretty cool for it's two thirds.
And I REALLY liked The Crazies and Daybreakers. Two very cool, very solid flicks.
That was last year.
2009 had some highlights as well. I may be in the minority but I loved the My Bloody Valentine remake and I think the Friday the 13th reboot is a massive improvement on the original. Then there was Orphan which I thought would be horrible but I actually ended up damn near loving it. Drag Me to Hell is a hell of a lot of fun. Predictable to be sure, but still wicked cool and funny as well. And Zombieland was so much fun too!
2008 was a bit of a down year. I did enjoy The Eye remake with Jessica Alba that I know most people did not like. Not much else of note from that year.
2007 had The Mist and 1408 and Vacancy and 28 Weeks Later and Mr. Brooks and Them (Ils) and Dead Silence and some underrated fare like P2 and The Invasion and The Hitcher remake and the dopey but fun AVP: Requiem.