I think Yahtzee put into words I've had for a while: the game developer celebrity. I understand the idea of straying from the auteur phase of things, but were are the people leading the charge? It's just faceless, nameless entities now. I feel it generates this breach between the gamer and the gaming industry since you can identify with no one in particular.
Developers from before 2003 I can name of the top of my head: Roberta Williams, Ron Gilbert, Tim Schaffer, Warren Spector, Jordan Mechner, Jane Jensen, Sid Meir, Peter Molyneux, Hideo Kojima, Ragnar Tornquist, maybe Toby Gard (ok, heavy adventure game slant there, but I used to play them a lot). Most of them are still around one way or another.
Names I can come up that have been recent and innovative: Kevin Levine, Fumito Ueda, Jenova Chen, and maaaaaaybe the guys at Tale of Tales. That's it. I can't recall anyone else that actually seems to have a school of design philosophy. Everyone else just appears to be going with the flow of whatever management wants. This lack of direction towards anything is my main suspect for meandering, repetitive and dull games from the primary studios as of late. The indie scene is where most of the auteurs are appearing and definite trends in design can be drawn. I guess that's why I've become much more of a fan of that movement.