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I feel the same way. I have kept up pretty well, but I don't feel the excitement about them like I did with the other generations. I lost interest in the show pretty quickly, and it seems that the toys are going that way as well. I think it's the lack of brushable OC ponies. I am hoping that hasbro steps it up and I refind G4 love, because finding G4's feels more like a chore than a hunt.
I actually feel the opposite- I love that hasbro is branching out and doing licenses with other companies, there is much more merch available this go round! all kinds of shirts, bags, jewelry, and now vinyl figures! I am sad about the blind bag focus, and love the brushables most, but this is a pretty exciting time for my little pony!