http://www.rottentomatoes.com/m/star_trek_11/
Punk kids with their rap music, cd players, and afro's.
Star Trek, was a great movie in many aspects. Yes it was filled with plot holes, and the you can tell Abrams was never a star Physics pupil, but I thoroughly enjoyed it compared to the aforementioned Transformers.
However, I will agree to your argument that the last decade has been subpar. I can count true classics on one hand almost. Real movies like No Country, There Will Be Blood, Zodiac, Adaptation, Eternal Sunshine, and Catch Me if You Can are are a rarity these days.
Star Trek served its purpose for me at least (especially the opening scene), but I have no real desire to learn more by watching it again. In the case of a movie like Zodiac I try to watch it again every few months, as I always keep coming back to learn more.
2009 in particular was a very poor year for movies as well. 2010 is off to a better start, and I expect Inception to become a true classic.
I would honestly say you can find better material on Showtime or HBO than in theatres. After watching The Wire, and now Deadwood it's hard to say paying $20 to see a movie in theatre is the better option.