I'm not into road bikes and I actually like the general design of a lot of modern city bikes. What bothers me is the lack of design of parts, like there's just been an engineer calculating strength and material cost, and didn't bother with the aesthetics at all. Or at least they didn't bother to make clear design choices, like let's make this rectangular, or make this rounded, no, they do something in between which is almost always ugly. It's not just bikes though, since the eighties it seems designers in general were forced to compromise.