Hipster? Really? The language alone tells me how out of touch with the generation you're talking about here, and the roots from which Smith himself came. It's painted all over this. You have these ideas of things so colored by the now, that if you ever had sight on that period in time, or that generation, you've lost it. Wholly. Completely.
Kevin Smith is a decent director, and, while I'm not going to pretend to be a fan of all his efforts, there is no betrayal here, there is no fall. Smith's done good work, and he had a lot of interesting things to say about quite a few subjects. You're allowed your opinion, that's not even in question, but you're off base here. You understand about as much about my generation as I know about rice farming, I might have a general idea of the process, but it's through seeing other people do it or talk about it, even by reading about.
That's how your viewpoint of generation X sounds. Like it's something you've heard second hand.