There's never ever a crisis of good music for me, just a crisis of time and dedication to find it. I used to have plenty of time and patience for that when I was younger, but it seems to decrease over time, now I stick to all-time favorites, sometimes I'll make an effort but it's a very mediocre one in comparison to the hours I'd spend trying to dig out music that fully satisfied my cravings.
I think quality music (and that's a debatable term, I know) is still something that is searched and found, it doesn't find you.. when music finds you it's, more often than not, not really worth your time (there are big exceptions of course), at least that has been my experience, there is music that just appears everywhere you go (like Lady Gaga or Justin Bieber for example), but just because it's everywhere it doesn't mean that's the only thing that's happening at that moment. There's always been good and awful music happening simultaneously, people that were creating something and sort of pushing the envelope and those that lived for an image and repeated sounds.. and there were always those that said there was a crisis of quality stuff, I think it's an age thing, no offense (since I'm a victim of age laziness too!). Also the more times goes by, new priorities appear and the harder it gets to catch up.. so I think one can be very easily left behind and fall out of touch with the world of music (or fashion or art, any field really).. especially when you get too attached to favorites.