I think the current slump in SF goes a little deeper than previous form. I'm a science fiction nut, but you'd be hard-pressed to get me to read anything by Banks or Reynolds or Stross. And I think the reason for this is that, while they have open minds and imaginations, they're exploring a 'Dawkinsy' universe. It feels pretty cold and pretty empty to me.
I love all that stuff. You know, I once had a girlfriend who believed in fairies--no kidding here--and one day I told her how we and everything around us is made from long dead stars and that when we die we'll be part of stars once more. I thought she'd love that fact. Instead she told me I was being ridiculous and to stop lying to her.
I'm not sure why I've mentioned this tale, but it always makes me smile to think of it. To me, the 'Dawkinsy' universe is utterly beautiful. And best of all its real; how cool is that? And there's so much room to it. Takes all sorts, I s'pose...
In the UK we're very lucky (aside from the tooth decay, of course); we've got Banks, Reynolds, Stross and so many others, real groundbreakers and storytellers williing to dance with both narrative and the universe. To be honest, from our happy little island's viewpoint its difficult to see where this SF decay outlook is coming from. We're on form. Last year, genre took 14% of all fiction sales in Britain- and Fantasy couldn't claim the Lion's share at all. 50/ 50, tops.
And India and China seem to be rising to the challenge.
Much as I hate to say this, maybe the thread should be 'why's SF dying in the US?' and that's a shame because we're talking about the nation that made it what it is, that gave SF its crazy, rock'n' roll adolesence. A friend of mine is particularly cruel on this subject, he says he won't touch US SF anymore because its caught up in 'humping the Heinlein dream'. Nasty viewpoint, but a pinch of truth there. Scalzi and Bujold are great storytellers but... I don't know.
Add to this a general perception that science is too often the tool of Government and corporate interests and one can see how a certain disillusion may have crept in. Among my peers there's a general perception that science represents the planet destroying, unlimited growth model so beloved of the ultra-right.
You could swap 'science' for 'religion' in that paragraph and you have the view of most my peer group, to be honest. Its science that's putting the environmental breaks on this planet (Though, admittedly, it did help build the crazy, downhill hot rod in the first place)