That is certainly part of it. But I also think "kayfabe is dead" plays a larger role.
We all knew it was scripted but we wanted to be lied to and we bought into the lie which allowed us to watch it almost like a genuine sporting event.
(rest of this is better suited for the off topic thread so if any wish to respond do so there, or you can just allow an old man to vent for a sec lol)
The death of kayfabe is deeper than just that daggum internet. Not sure how others feel but I feel like each "This is awesome!" chant is spitting on the grave of kayfabe.
Then there's sequences like this: https://youtu.be/gA0vjYbws78?si=tNYzI59eCJDFZq5p&t=90
Stuff like this immediately pulls me out of the "ride" and puts me into "these guys today don't understand the art of pro wrestling" which in turn primes me to peeking behind the curtain. Wrestling today being such a spot fest makes it hard for me to be duped. I want to just sit back and play along with the lie but they pull me out of it. Wrestling has lost the ability to work the con so now the fantasy booking is what keeps my interest.
Edit: This isn't my hard stance, more like a theory after I noticed some trends in where my attention went to during my '97 rewatch (short version, Ahmed Johnson couldn't work a match to save his life and each time he was on I found my thoughts turning to "I should google when they stopped pushing him" and those were almost the only time I wasn't just a happy mark)
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