For older players who have been playing for decades I would agree. For older players, relatively new to the game, I would disagree.
Yup. I think most of this part of the discussion is infinitely individualistic. Some players have a basement full of plastic and are very happy getting more in a players pack. Some sell plastic and make some nice pocket change from player packs and winning plastic. Some love the trinkets and sundries in the players pack. Some would die to have a trophy. Many play to get outside and sate their competitive nature.
I don't think there is a right or wrong answer here, but I do think it could be very regional. Offering and determining what type tournament will fit the needs of the right population of golfers.
I maintain, it ain't broken. But, I think there is plenty of room in the tournament schedule around here to support both ends of the spectrum. (Current model vs. trophy only).