I had the opportunity to take a class with a semi-famous artist and she liked to ask us big questions like, "What is art?" and she always had pretty interesting discussions. We all brought in examples of what we considered was good art and what was bad art. While everyone varied on what kind of art they thought was good, there was an overall theme that hyperrealism was what the class as a whole thought was good art, and abstract and non-objective art was generally seen as bad art.
After that, she said she had been doing that with her classes in the past, and noticed that it was kind of a trend that people are more interested in photorealistic/hyperrealistic art now then there has been in the last 40 or so years. Just kind of interesting!