Pretty much, though the Attitude Era had some idiotic shit as well.
The thing is, PG has nothing to fucking do with how good the product is. The Attitude era was good DESPITE the trashy R rated shit, not because of it, and it was good because their booking was fantastic. You can throw as much R rated shit into the current WWE product all you like, it's not going to fix anything because the booking will still suck.
Yeah, people way misattribute what made the Attitude Era great. It wasn't the fact that Austin could give a finger and DX could say "Suck It!" It was the talented roster and interesting storylines. And the
real underdogs like Mick Foley finally winning the title, etc.
My favorite moments in WWE history are almost all underdog stories. Jericho beats Triple H, Jericho wins Undisputed title, Edge cashes in MitB, Punk cashes in MitB, RVD beats Cena, Ryder wins US Title, Eddie Guerrero winning the WWE Title and ***** ****** finally winning the World Heavyweight Championship, and Daniel Bryan winning the WHC.