Do you think the horror genre has gone downhill in recent years?

Lately, they seem to be retreads of Saw or Hostel, going for the balls-out, torture-porn approach to it. Also, whenever I see the aggregations on Rotten Tomatoes, most new horror movies seem to get poor reviews. I’m not a huge horror fan as it is, but there are definitely horror movies that look good to me, and I haven’t seen one come about lately. Am I just living under some type of rock, or is there a shortage of quality horror flicks?

Also, does anyone make slasher flicks anymore?